Target’s 100,000 Store Plan: Japan-US Retail Strategy | Nikkei Asia

TOKYO — Seven & i Holdings Co., Ltd., the Japanese parent company of 7-Eleven, is pursuing an ambitious global expansion strategy, aiming for 100,000 stores worldwide by leveraging a dual approach centered on its Japanese operational expertise and the North American market, according to a report by the Nikkei Asia.

The company, established in 2005 through the merger of Ito-Yokado, Seven-Eleven Japan, and Denny’s Japan, is focusing on growth in Asia and Europe, while also capitalizing on the profitability of its North American operations. Seven & i Holdings reported revenue of US$80.125 billion and net income of US$1.569 billion in 2023, with total assets reaching US$70.789 billion, according to data from the company and compiled by Wikipedia.

The expansion plan comes as Seven & i navigates a period of restructuring. In March 2025, the company appointed Stephen Hayes Dacus as its first foreign CEO, tasking him with overhauling the business to defend against a reported $47 billion unsolicited offer from a U.S. Investment fund, according to Reuters. The appointment signaled a commitment to adapting to global market demands and improving shareholder value.

Seven & i’s strategy involves balancing the unique needs of local markets with the standardized operational efficiencies honed in Japan. The company aims to replicate its success in Japan, where 7-Eleven stores are known for their high quality and diverse product offerings, while adapting to local tastes and preferences in other regions.

The company currently operates a diverse portfolio of businesses, including department stores, superstores, supermarkets, convenience stores, restaurants, and financial services, with a total of 117,540 employees as of 2023. Key subsidiaries include Seven-Eleven Japan, Seven & I Food Systems, Loft, and Seven Financial Service. Major shareholders include The Master Trust Bank of Japan (9.57%), Itoukougyou (7.95%), and the Custody Bank of Japan (5.42%).

Seven & i Holdings is scheduled to hold an Investor Relations event, “IR Day 2026 Spring,” on Thursday, April 23, 2026, to further detail its strategic plans and financial outlook.