Convenience Store News - December 2017 - 42

cover story

years ago as 7-Eleven's team-lead on
the Coca-Cola business, also praises
his colleague and friend as a skilled
strategic thinker.
"He has a very strong understanding of the operational aspects
of this business, so he can translate
the strategy into concepts that can
be successfully implemented in the
stores," he added. "And he has
great leadership skills - going back
to the type of person he is, and
his military background as a West
DePinto celebrated his Hall of Fame induction with his family. His wife, three sons, daughter-inPoint graduate. ... He has the abillaw, and parents were all in attendance.
ity to connect on a personal level all
across the spectrum. He is able to
identify with people and get the best
around to read the label," said DePinto. "Cut fruit,
out of them."
salads, hard-boiled eggs, protein packs, vegetable
DePinto agrees that 7-Eleven has made great strides
crisps. We carry all that stuff. We will be a destination
in the areas of fresh food and private label over the
for food, and we will have healthy options. I just wish
past several years, and he says millennials are the drivit had happened faster."
ing force behind both. Half of the retailer's customer
As for 7-Eleven's industry-leading private label busibase today is millennials. 7-Eleven also over-indexes
ness, branded 7Select, DePinto happily reports that
with Hispanics.
it will be a $1-billion business within the next year.
"People are eating differently - snacking, more
7Select got its start in 2010, after the Great Recession
on the go, more healthy options. I've started to see
of 2009 made consumers ultra price conscious. During
customers in our stores pick up a product and turn it
that time, 7-Eleven also saw manufacturers pull back

Where Does the $3.3B Sunoco Acquisition
Fit Into 7-Eleven's Vision?
7-Eleven Inc.'s current 5,400store footprint in the United
States is poised to expand by
20 percent with the retailer's
pending $3.3-billion deal to
acquire approximately 1,100
convenience stores in 18 states
from Sunoco LP. The acquisition was
announced in April.
At the time of the announcement,
7-Eleven Inc. CEO Joseph DePinto said
the transaction supports the company's
growth strategy in key geographic areas,
including Florida, the Mid-Atlantic states,
Northeast states, and Central Texas. The
purchase will also give 7-Eleven entry

into Houston, the fourth-largest U.S. city,
and a strong presence in Corpus Christi
and across South Texas.
In addition to the convenience
stores, the transaction includes the
associated trademarks and intellectual property of Sunoco's Laredo Taco
Co. and Stripes brands. Sunoco itself
acquired these brands through the
acquisition of Susser Holdings Corp.
and Stripes in July 2015.
In a recent interview with
Convenience Store News, DePinto
said he views the Sunoco acquisition
more as two separate entities: the
first one being the Susser Holdings

42 Convenience Store News | DECEMBER 2017 | WWW.CSNEWS.COM

business in South Texas, and the
other being the Sunoco stores in the
Northeast and Florida.
"Susser built an incredible business
and we are really excited about that part
of the business," DePinto told CSNews.
"The South Texas customer is heavily
Mexican-American, so we can learn a lot
about how to cater to that consumer."
As for the stores in the Northeast and
Florida, DePinto said they are more traditional convenience stores, so 7-Eleven
will be looking to bring its best practices
to them, including private label. It's also
expected that these stores will be put
into its franchise system.


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Table of Contents for the Digital Edition of Convenience Store News - December 2017

Contents
Convenience Store News - December 2017 - Cover1
Convenience Store News - December 2017 - Cover2
Convenience Store News - December 2017 - 3
Convenience Store News - December 2017 - 4
Convenience Store News - December 2017 - 5
Convenience Store News - December 2017 - Contents
Convenience Store News - December 2017 - 7
Convenience Store News - December 2017 - 8
Convenience Store News - December 2017 - 9
Convenience Store News - December 2017 - 10
Convenience Store News - December 2017 - 11
Convenience Store News - December 2017 - 12
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Convenience Store News - December 2017 - Cover3
Convenience Store News - December 2017 - Cover4
Convenience Store News - December 2017 - U1
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