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7-Eleven Exits India Amid Mounting Competition
Seven & i said it will keep exploring a long-term return after Reliance closed all 31 stores amid fierce competition from local retailers.
- On Tuesday, Seven Holdings confirmed that all convenience stores in India closed on Sept 30, ending the licensing agreement with master franchisee India-based Reliance Retail.
- Media reports from the Nikkei and Yomiuri indicated the retail giant struggled against severe competition from local Indian retailers after previously expanding to about 60 locations across Mumbai and Pune since 2021.
- Operating 24 hours, the convenience chain is known for quick grab-and-go snacks, beverages, and household staples, having launched its first Indian outlet in Mumbai in Oct 2021.
- While aspiration to serve customers in India remains, Seven Holdings will explore options to advance its presence in the market over the long term.
- Rival Lawson reportedly plans to enter India in 2027 and aims to have around 100 stores by 2030, showing ongoing interest in the convenience retail market.
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Seven & i Holdings did not, however, give up its activities in India in the long term, the group said.
·Paris, France
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7-Eleven, the global convenience store chain, has decided to cease operations and close all its branches in India after facing fierce competition in the local retail market.
The Japan Times+3 Reposted by 3 other sources
7-Eleven exits India amid mounting competition
Seven & I Holdings declined to comment on why the shops in India were closed.
·Chiyoda, Japan
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Coverage Details
Total News Sources22
Leaning Left2Leaning Right3Center4Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 22%
C 45%
R 33%
Factuality
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