Seven & i Stock News
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Tokyo, Sep 30, 01:14 pm JST.
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Seven & i Stock News
DENVER & IRVING, Texas--(BUSINESS WIRE)--7-Eleven and Ibotta Join Together to Bring Performance-Based Promotions to Convenience Retail.
Shares in Seven & i rose 3% in Tokyo on Friday as the Japanese retailer said it was in talks to buy a stake in Polish convenience store operator Zabka Group.
Shares of Seven & i Holdings Co. rose over 4% in early Friday trading in Tokyo following the Nikkei report. The Japanese convenience store giant eyes overseas expansion by boosting its global store count.
Seven & i Holdings plans to close 200 unprofitable 7-Eleven stores while converting hundreds more to franchise locations and wholesale fuel sites.
SoftBank Corp and mobile payments operator PayPay are in talks to invest in retail giant Seven & i Holdings , Bloomberg News reported on Friday.
Seven & i Holdings raised its annual guidance after the war-driven surge in gasoline prices boosted earnings at its North American convenience-store business, sending quarterly net profit higher.
Convenience store operator 7-Eleven on Thursday disclosed a $349 million profit from the surge in gasoline prices during the last quarter, even as fewer Americans filled their tanks.
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