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7-11
7-Eleven, Inc. is an American convenience store chain, headquartered in Irving, Texas. It is a wholly owned subsidiary of Seven-Eleven Japan, which in turn is owned by the retail holdings company Seven & I Holdings. The chain was founded in 1927 as the Southland Ice Company, operating an ice house storefront in Dallas. Then-owned by Southland Corporation, the number of convenience stores expanded and were named Tote'm Stores between 1928 and 1946. Southland Corporation changed the stores' name to 7-Eleven in 1946, reflecting expanded hours of operation (7 am to 11 pm). Southland Corporation started franchising its stores in 1961; in 1973 Ito-Yokado, a Japanese supermarket chain, signed a franchisee agreement with Southland Corporation to develop 7-Eleven convenience stores in Japan. Operating the Japanese stores under Seven-Eleven Japan, Ito-Yokado acquired a 70% stake in Southland Corporation in 1991; as majority owner, it changed Southland Corporation's name to 7-Eleven ...
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Midwestern United States
The Midwestern United States (also referred to as the Midwest, the Heartland or the American Midwest) is one of the four census regions defined by the United States Census Bureau. It occupies the northern central part of the United States. It was officially named the North Central Region by the U.S. Census Bureau until 1984. It is between the Northeastern United States and the Western United States, with Canada to the north and the Southern United States to the south. The U.S. Census Bureau's definition consists of 12 states in the north central United States: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. The region generally lies on the broad Interior Plain between the states occupying the Appalachian Mountain range and the states occupying the Rocky Mountain range. Major rivers in the region include, from east to west, the Ohio River, the Upper Mississippi River, and the Missouri River. The 2020 ...
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Seven & I Holdings
Seven & i Holdings Co., Ltd. (株式会社セブン&アイ・ホールディングス, ) is a Japanese diversified retail holdings company headquartered in Nibanchō, Chiyoda, Tokyo, Nibanchō, Chiyoda, Tokyo. On September 1, 2005, it was established as a result of the integration of three companies: Ito-Yokado, Seven-Eleven Japan, and Denny's Japan. The purpose of this establishment was to create a holding company that would own these three companies. The background behind this decision was that the parent company, Ito-Yokado, was facing deteriorating performance, while its subsidiary, Seven-Eleven Japan, was experiencing growth in both sales and profits and was performing well. History On April 20, 2005, the supermarket chain Ito-Yokado announced the establishment of a holding company called Seven & i Holdings in September of the same year. This holding company was formed in collaboration with its subsidiary convenience store chain, Seven-Eleven Japan, and the restaurant chai ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability, market share, revenue, or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ...
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The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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The Washington Post
''The Washington Post'', locally known as ''The'' ''Post'' and, informally, ''WaPo'' or ''WP'', is an American daily newspaper published in Washington, D.C., the national capital. It is the most widely circulated newspaper in the Washington metropolitan area and has a national audience. As of 2023, the ''Post'' had 130,000 print subscribers and 2.5 million digital subscribers, both of which were the List of newspapers in the United States, third-largest among U.S. newspapers after ''The New York Times'' and ''The Wall Street Journal''. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. In 1933, financier Eugene Meyer (financier), Eugene Meyer purchased it out of bankruptcy and revived its health and reputation; this work was continued by his successors Katharine Graham, Katharine and Phil Graham, Meyer's daughter and son-in-law, respectively, who bought out several rival publications. The ''Post ...
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Franchising
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return, the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a franchise agreement. The word ''franchise'' is of Anglo-French derivation—from , meaning 'free'—and is used both as a noun and as a (transitive) verb. For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth strategy for the sale and distribution of goods and services minimizes the franchisor's capital investment and liability risk. Franchising is rarely an equal partnership, especially in t ...
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Speedway (store)
Speedway LLC is an American convenience store and fuel station chain headquartered in Irving, Texas, with locations primarily in the Midwestern United States, Midwest, East Coast of the United States, East Coast, and Southwestern United States, Southwestern regions of the United States wholly owned and operated by 7-Eleven. Speedway stations are located in 36 states, up significantly from its core seven-state region in the Midwest since 2012. Prior to 2021, the company was a subsidiary, wholly owned subsidiary of the Marathon Petroleum, Marathon Petroleum Corporation and headquartered in Enon, Ohio. It is the largest convenience store chain in central Ohio. On August 2, 2020, Marathon announced that Seven & i Holdings, Seven & i Holdings Co., Ltd. would be acquiring Speedway for $21 billion. The deal closed on May 14, 2021. History Speedway started in 1952 as Speedway 79, the name of a fuel chain based in Michigan. Unlike other fuel station chains at the time, Speedway 79 ...
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Energy Transfer Partners
Energy Transfer LP is an American company engaged in the pipeline transportation, storage, and terminaling for natural gas, crude oil, NGLs, refined products and liquid natural gas. It is organized under Delaware state laws and headquartered in Dallas, Texas. It was founded in 1996 by Ray Davis and Kelcy Warren, who remains Executive Chairman. As of 2023, the company owns or operates more than of pipelines throughout the U.S., making it one of the largest midstream companies in the country. It is also one of the largest exporters of NGLs in the world. Business structure Energy Transfer owns controlling interests in Sunoco LP. It also owns 100% of Sunoco Logistics Partners Operations L.P., 46% non-economic general partner interest in USA Compression Partners L.P., and 100% of Lake Charles LNG which consists of an LNG import terminal and regasification facility near Lake Charles, Louisiana. Energy Transfer's natural gas business includes nearly of natural gas transportation ...
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A-Plus (store)
APlus (or A-Plus) is an American convenience store chain owned and operated by Energy Transfer Partners, with some stores currently owned by Seven & I Holdings (7-Eleven). APlus is also the convenience store chain used by Sunoco. History The chain began life as the convenience store chain for Atlantic Petroleum in 1985, which was spun off from ARCO, Inc. (ARCO itself was formed from the 1966 merger of Atlantic Refining and Marketing, Atlantic Refining and Richfield Oil.) The first Aplus stores were rebranded ampm locations. In 1988, Sunoco bought Atlantic, and since Sunoco did not have its own convenience store chain, APlus became Sunoco's chain by default. While Atlantic stations were converted to Sunoco by the mid-1990s, APlus grew, with Sunoco rebranding many company-owned stations in the Northeastern United States with convenience stores into APlus. Sunoco has even converted some garages into convenience stores with the APlus brand. Sunoco still used the APlus logo from th ...
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Dallas–Fort Worth Metroplex
The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is the most populous metropolitan statistical area in the U.S. state of Texas and the Southern United States, encompassing 11 counties. Its historically dominant core city, core cities are Dallas and Fort Worth, Texas, Fort Worth. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW (the IATA airport code, code for Dallas Fort Worth International Airport) or the Metroplex. The Dallas–Fort Worth–Arlington, Texas, Arlington metropolitan statistical area's population was 7,637,387 according to the United States Census Bureau, U.S. Census Bureau's 2020 United States census, 2020 census, making it the List of metropolitan statistical areas, fourth-largest metropolitan area in the U.S. and the List of metropolitan areas in the Americas by population, eleventh-largest in the Americas. In 2016, the Dallas– ...
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