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The name 7-Eleven originated in 1946 when the stores were open from 7 a.m. to
11 p.m. Today, offering busy shoppers 24-hour convenience, seven days a week is the
cornerstone of 7-Eleven's business. 7-Eleven focuses on meeting the needs of
convenience-oriented guests by providing a broad selection of fresh, high-quality
products and services at everyday fair prices, speedy transactions and a clean, friendly
shopping environment.
Each store's selection of about 2,500 different products and services is tailored to
meet the needs and preferences of local guests. Stores typically vary in size from 2,400
to 3,000 square feet and are most often located on corners for great visibility and easy
access.
Well known for the Big Gulp fountain soft drink, Big Bite grill items, the
Slurpee beverage and its fresh-brewed coffee, 7-Elevens food service offerings bring
guests a proprietary line of prepared-fresh-daily and daily delivered deli sandwiches,
wraps, breakfast sandwiches and a wide assortment fruits, salads and baked goods.
The company operates, franchises and licenses approximately 8,600 stores in the U.S.
and Canada. Of the close to 7,800 stores the company operates and franchises in the
United States, more than 6,400 are franchised.
Outside of the U.S. and Canada, there are more than 47,800 7 Eleven and other
convenience stores in Japan, Taiwan, Thailand, South Korea, China, Malaysia, Mexico,
Singapore, Australia, the Philippines, Indonesia, Norway, Sweden and Denmark.
7-Eleven has announced plans to open stores in the United Arab Emirates and
Vietnam.
7-Eleven, Inc. is privately held and became a wholly owned subsidiary of Seven-Eleven
Japan Co., Ltd. in Tokyo, Japan, and its affiliates on Nov. 9, 2005.
BOARD OF DIRECTORS
Jose T. Pardo
Chairman of the Board &
Independent Director
Nan-Bey Lai
Vice-Chairman & Director
Jui-Tang Chen
Director
Chi-Chang Lin
Director
Wen-Chi Wu
Director
Lien-Tang Hsieh
CORPORATE OFFICERS
Chin-Yen Kao
Honorary Chairman
Jose T. Pardo
Chairman of the Board & Independent
Director
Ping-Hung Chen
Treasurer/CFO & Vice President forFinance
and Administration
Nan-Bey Lai
Vice Chairman
Director
Jorge L. Araneta
Director
Michael B. Zalamea
Independent Director
Business Interests
Every employee should uphold the companys interest at all times and
integrate it with its own personal interest without prejudice to the former.
Regardless of consanguinal or affinity relations, all shall adhere with the
guidelines of the Company and act on the basis of the Companys interest.
2.
3.
4.
Employees regardless of rank shall act with prudence and careful judgment
in their relations with all vendors, suppliers, contractors, and to any third party
providers. They shall not engage themselves in situation and activity that can
compromise their position affecting impression on relations, casting doubts
on integrity and judgment.
5.
6.
The Companys interest shall reign supreme in all the business decisions and
actions. Therefore any legitimate opportunities that might arise should be
advanced for the company.
SLURPEE
The original and best frozen
beverage is only available
at 7-Eleven. So when you
need some refreshment,
come in and get your hands
on a Slurpee. Theres
always a new flavour to try,
or stick with traditional
favourites Cola and
Raspberry.
Gulp
The Big Gulp, Super Big
Gulp, Double Gulp and
Gulp are genetically
engineered to quench even
the most diabolical thirst.
And if you fill it up in one of
7-Eleven refillable cups or
mugs, you can quench your
thirst even less. Plus it
carries all your favorite
flavors.
Siomai
Stuffed Pandesal
Hotdog
Siopao
Corporate Vision-Mission
That means listening to our guests and changing to meet their changing
needs. The products they wanted when we started were pretty simple milk,
eggs and bread. Those items are still available, but they also might include a
fresh salad for lunch, chicken wings for a tailgate party, an imported bottle of
wine, prepaid iTunes card or a Slurpee drink in a cool, collectible cup. Whatever
the need, we want to be the friendly, convenient, one-stop shop of choice.
Core Values
Customer focused
We put our customers first.
Teamwork
We foster an environment of synergy to attain the goals of the
organization through active participation and mutual respect.
Integrity
We are honest and trustworthy to our fellow employees, customers
and business partners.
Reliability
We deliver what we promise.
Data-driven
We make decisions based on data."
Corporate Objectives
CSR philosophy
Philippine Seven Corporation (PSC) was registered with the Securities and Exchange
Commission (SEC) on November 1982. It acquired from Southland Corporation (now Seven
Eleven, Inc.) of Dallas, Texas the license to operate 7-Eleven stores in the Philippines in
December 13, 1982. Operations commenced with the opening of its first store in February 29,
1984 at the corner of Kamias Road and EDSA Quezon City, Metro Manila. Considering the
countrys economic condition at that time, the Company grew slowly in its first few years of
existence.
In July 1988, PSC transferred the Philippine area license to operate 7-Eleven stores to
its affiliate, Phil-Seven Properties Corporation (PSPC), together with some of its store
properties. In exchange thereof, PSC received 47% of PSPC stock as payment. Concurrent
with the transfer, PSC entered into a sublicensing agreement with PSPC to operate 7-Eleven
stores in Metro Manila and suburbs. As part of PSPCs main business, it acquired or leased
commercial properties and constructed retail store buildings, leasing the buildings to PSC on
long term basis together with most of the capital equipment used for store operations. In effect,
PSC concentrated on managing its stores and effectively took the role of a pure retailer.
In May 1996, the stockholders of both PSC and PSPC approved the merger of the two
companies to advance PSC groups expansion. In October 30, 1996, SEC approved the
merger and PSPC was then absorbed by PSC as the surviving entity. With the consolidation
of the respective lines of business of PSC and PSPC, PSCs retailing strengths were
complemented by PSPCs property and franchise holdings. Their management as a single
entity enhanced operational efficiency and strengthened ability to raise capital for growth. PSC
listed it shares (SEVN) in the Philippine Stock Exchange and had its initial public offering in
February 04, 1998. The shares were offered at the price of P4.40 per share from its par value
of P1.00 per share. In September 17, 1998, PSC established Convenience Distribution Inc.
(CDI), a wholly owned subsidiary, to provide a centralized warehouse and distribution system
to service its 7-Eleven stores.
With the effectivity of the Retail Trade Liberalization Act (R.A. 8762) on March 25, 2000,
foreign entities were allowed to invest in an existing retail company subject to the requirements
of the law. President Chain Store Corporation of Taiwan (PCSC), which is also the 7-Eleven
licensee in Taiwan operating about 2,700 stores, purchased 119,575,008 common shares of
PSC or 50.4% of PSCs outstanding capital stock at the price of P8.30 per share. The
purchase was made under a tender offer during October 9 to November 7, 2000 by President
Chain Store (Labuan) Holdings, Ltd., a Malaysian investment holding company, wholly-owned
by PCSC. The acquisition is meant to forge a strategic alliance which aims to provide PSC with
technical support from PCSC in strengthening its organizational structure and operating
systems. This shall enable PSC to pursue store expansion plans on sound and profitable
basis. A new affiliate, Store Sites Holdings Inc., was also established on November 9, 2000,
as the entity to own land properties of the Company. These land properties are leased to PSC
by SSHI. The Corporations area license to operate 7-Eleven Stores in the Philippines was
renewed in August 2007 for another term of 20 years, renewable every 10 years. The
Renewal Area License Agreement has been approved by and registered with the Intellectual
Property Office as of September 25, 2007.
The company had a manpower complement of 1,921 personnel, 655 of whom are
regular employees, 301 contractual/probationary and 965 cooperative members to augment
temporary needs during peak hours or season in the stores and the support services units.
There is no existing labor union in the company and collective bargaining agreement. There is
an Employees Council which communicates to management the employee concerns. There
has been no strike or threat to strike from the employees for the past three years.
At year end, PSC is operating 551 stores, 211 of which are franchise stores, 130 stores
are operated under a service agreement, and the remaining 210 are company-owned stores.
The store franchise and service agreements have a minimum term of 5 years each, renewable
for a similar term. The stores under franchise and service agreement are indicated in the store
list provided in the discussion of Leases herein.
Currently, PSC considers three major competitors in maintaining its leadership in the
Convenience Store (C-Store) Industry. There are a number of other small players including
gas marts, but their store count and sales volume as a group by itself is not significant to be
considered. PSC concluded in August 2009 a non-exclusive tie-up with Chevron Philippines
Inc. and opened 25 7-Eleven Stores in certain identified Caltex gasoline stations. The
Company continues to sustain its leadership by putting stores in strategic locations, carrying
product assortment fit for such market.
Procurement
Logistics
I.
Supplemental Feeding is about provision of healthy and nutritious food to the moderately and
severely (non-medical) underweight children to serve as an immediate and direct interventions
to improve their nutritional status and to prevent any permanent physical and mental
retardation.
This program has four (4) components:
1. Educate the children and their parents on the importance of eating healthy and
nutritious food and develop the families nurturing capabilities through various program
media.
2. Improve nutritional status of the target beneficiaries who are underweight pre-school
children ages 1-6 years old.
3. Mobilize access of beneficiaries and their families to resources present within the
community (LGU, Private sectors and other NGOs) to serve as mechanisms for
sustainability.
4. Encourage volunteerism among PSC employees through active involvement and
participation in the program.
II.
Medical Mission
This program aims to deliver medical assistance through minor operation,
dental and general check-up and provision of free medicines to underserved
communitites and areas where it is most needed the implementation phase
for this program is year round with a quota of two (2) missions a year.
a. MEDICAL MISSION IN THE CITY OF PARANAQUE
To cap off the year 2012, PFI (PhilSeven Foundation, Inc.) held a
Medical Mission last December 9, 2012 in the City of Paranaque in
partnership with its Local Government through its Department of
Social Welfare Office. The City of Paranaque has been a
beneficiary of other PFI programs and services such as, BalikEskwela, a school supply distribution for 1,000 indigent students
and Supplementary Feeding Programs matched with Livelihood
Skills Training for one year that started last June 2012.
"Balik-Eskwela" Project
This program identifies a public school or daycare center as target
beneficiaries where students will be provided with school bags and school
materials for the beginning of the school year.
Our efforts may not seem much compared to the devastation caused by the
nameless deluge. But let us always remember that a little help goes a long way.
We must not shy upon extending whatever help we can give especially to those
most in need. There will never be a shortage of people who need help. Let us
emulate the example of those volunteers who toiled night and day
notwithstanding fatigue and bad weather all for the sake of helping others. And
we have a perfect word for it: malasakit.