• By The Financial District

7-Eleven To Open Dozens Of Stores In Israel

7-Eleven, the international chain of convince stores operating 24 hours a day, is set to open dozens of stores in Israel, however, it is still unclear if the stores will be open on Sabbath.

Photo Insert: 7-Eleven signage

The Israeli Electra Consumer Products Co. announced on Tuesday, Oct. 12, 2021, that it had signed an agreement with the 7-Eleven international chain of convenience stores that will lead to the opening of dozens of stores across the country.

While it still remains clear whether the stores, operating 24 hours a day, will be open on the Jewish Sabbath, Electra said they will “operate according to the municipal regulations in every location.”

The first store of the franchise will be established in Tel Aviv in 2022. 7-Eleven will sell fast food and exclusive products in the Israeli market.

7-Eleven was founded 93 years ago in the United States by Joe Thompson as a 24-hour-a-day convenience store open all week. It was publicly traded in the past but was taken private again decades ago.

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The headquarters of the group is in Texas, and operates through franchisees in 17 countries, mostly in East Asia and the Nordic countries. In 2019, 7-Eleven entered Vietnam and India for the first time.

The chain has 71,000 stores around the world, and $61 billion in annual revenues – with an annual profit estimated at $2 billion. The stores offer fast food such as sandwiches, pizza, salads, soft drinks, and coffee, along with many other convenience items.

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