World's largest convenience store chain exits India amid fierce competition
All 7-Eleven convenience stores in India shut down in September, according to its Japanese parent company, as media reported the retail giant struggled to compete with local rivals.
The world's largest convenience store chain, Seven & i Holdings, has announced the closure of all 31 7-Eleven stores it operates in Mumbai and Pune, India. This decision comes as the company faces intense competition from local retailers, reports suggest. The brand entered the Indian market in October 2021, initially with a single outlet in Mumbai before expanding to around 60 locations.
7-Eleven, known for its round-the-clock service and provision of quick grab-and-go essentials, has been struggling against the formidable local competition in India. While the company has not disclosed the exact reasons behind the closure, it remains committed to its long-term vision of serving Indian customers.
Seven & i Holdings has not ruled out future plans to expand its presence in the Indian market. The company's rival, Lawson, has also set its sights on India, announcing plans to open its first store in 2027 and potentially grow its footprint to 100 outlets by 2030.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
