Introduction
7-Eleven in Taiwan
In Taiwan, 7-Eleven is owned by President Chain Store Corporation under Uni-President Enterprises Corporation. The first 7-Eleven convenience store in Taiwan was opened in 1980, however, it was not until 1986 the company began to profit. 7-Eleven is the most popular convenience store in the country; Taiwan is third in the world for number of locations with 4,790 stores on January, 2011. Although the number of 7-Eleven store in Taiwan is fewer than those of the United States and Japan, Taiwan 7-Eleven has one of the highest density of 8.5 km² a store in the world after Macau, Hong Kong and Singapore.
History of 7-Eleven
7-Eleven convenience store concept is a pioneer in 1927 in the company office Southland Dallas, Texas. In addition to selling blocks of ice to refrigerate food, also offering milk, bread and eggs. This new business idea turned out to be create satisfied customers thereby increasing sales and is the world's first convenience store. These outlets are not initially open for 24 hours instead of 7 am to 11 pm and then it was that later inspired the name 7-Eleven (from seven to eleven), the first 7-Eleven stores are open 24 hours and then opened in 1962 in the city Austin, Texas. Since then the 7-Eleven operates on a 24-hour official formally followed with the opening of its new store in Las Vegas, Fort Worth and Dallas in the United States in 1963. In 1980, Southland Corporation experiencing financial difficulties and eventually sell its ice-processing division. Then finally rescued by ItoYokado which is one of the largest franchise holder of 7-Eleven. Finally Soutland Corporation can be detached from bankruptcy and successfully through the crisis of the fall of the stock market in 1987.
Then in 1991, the Southland Corporation 7-Eleven has sold most of his shares to the company's Japanese supermarket chain, ItoYokado.