Tuesday, July 28, 2009

7-Eleven Has High Hopes for Southern California Markets

What would you do if a state's economy was continuing to fall, retailers across the state were moving out, closing doors, shutting down, and giving up? Well, you'd step right into the voids they leave behind, right?

That's precisely what 7-Eleven plans to do according to the LA Times. They have reportedly hired a commercial real estate broker to sniff out 600 new locations for them. Why here? Why now? The vacancies left behind as other retailers move out make this the most affordable time to launch such an expansion.

What's more, it might even work, too! Believe it or not, while other retail business is tanking, c-stores sales continue strong. "When you're thirsty, you don't check your 401(k), you just go in and buy a drink." Commented Jeff Lenard, spokesman for the National Association of Convenience Stores.

Labels: 7-Eleven, Convenience Stores, Economy