MARKET
Transcription
MARKET
With an extensive network of stores that are supported by proprietary business information systems and retail initiative processes, 7-Eleven continues to boost its capabilities in meeting localised product needs based on each store’s respective community needs. MARKET The increasing consumer appetite for convenient shopping and rising sales of value-added services have developed into strong impetuses to the development of the industry. 7-Eleven’s rapid expansion plans continue to take place all over Malaysia to service the rising population and consumer purchasing power, especially in secondary states and East Malaysia. 7-Eleven Malaysia has also recognised franchising as an effective strategy for regional expansion and an effective means to diversify its operations. This is an opportunity for entrepreneurs to work in partnership with an international convenience store (c-store). They can tailor their business model to the core c-store consumer groups’ emerging states and expectations in providing localised based content and products to meet the needs of the local communities. RECENT DEVELOPMENTS ACHIEVEMENTS In 2009, 7-Eleven was awarded the Best Sales Growth Award by the Malaysia Franchise Association (MFA) and the National Growth Award (Platinum Category) by the Malaysian Retailer- Chains Association (MRCA), for having the most number of stores opened and operating in Malaysia. 7-Eleven has also introduced its unique franchise programme for franchisees to take over existing stores with proven sales track record and giving them the flexibility to choose their choice locations. As the single largest convenience store chain with over 1,274 (as of 30 June 2011) stores nationwide, 7-Eleven serves 600,000 customers daily. 7-Eleven stores can be found in bustling commercial areas and serene suburban residential compounds throughout Malaysia, from petrol stations and LRT stations to shopping malls and medical institutions. HISTORY 7-Eleven was founded by J. C. Thompson way back in 1927 at The Southland Ice Company in Dallas, Texas. In addition to being an ice vendor, the company began offering milk, bread and eggs on Sundays and evenings when grocery stores were closed. Thus, the concept of convenience retailing was born! The name 7-Eleven was introduced in 1946 because the stores are opened from 7am until 11pm. Today, the trademark of 7-Eleven’s business is providing 24-hour convenience, seven days a week. Together with its global licensees, franchisees and affiliates in 18 countries, 7-Eleven operates over 39,000 stores worldwide. The first 7-Eleven store in Malaysia was opened in October 1984, in Jalan Bukit Bintang, 26 | SUPERBRANDS VOLUME VI Kuala Lumpur. With over 1,274 stores today, 7-Eleven is an undisputed market leader in the convenience chain store landscape in Malaysia. PRODUCT 7-Eleven stores carry over 2,000 products with an equal blend of international and local mixes that vary to the tastes of the populace. Boasting of its own propriety brands such as the Big Gulp fountain soft drinks and Slurpee beverages which have been its staple over the years, 7-Eleven continues to differentiate itself with more introductions of private labels like the Aktif Reverse Osmosis, Aktif Distilled and Aktif Mineral Water, and Vitamin E enriched fresh eggs under the 7 Fresh label. Lately, 7-Eleven has been piloting its fresh food programme to provide a platform for convenient healthy living. Its recent product addition of fresh food on-the-go has successfully allowed the business to tap into a brand new segment of the market. 7-Eleven continues to innovate by turning to MOLPoints offerings and hereby boosting its online community based shopping convenience in a seamless shopping experience. The variety of services available at 7-Eleven include the sales of mobile, IDD/ STD, Touch n Go reload soft pins, ink cartridge refill, photocopying, fax, ATM, flowering order, Internet games starter packs and reloads via MOLPoints top-ups. With the growth of its presence in the communities within Malaysia, 7-Eleven has to further innovate and diversify its means of reaching and communicating with its customers. With a new facelift on the corporate website, 7-Eleven is looking into better ways to meet the online demands of a savvier online consumer base in Malaysia today. With more accessible and user-friendly layouts, 7-Eleven aims to be at the heart of the consumers as their first point of reference when it comes to c-store shopping to sustain its growth within communities across the nation. 7-Eleven recognises that recent technological developments have led to a more cohesive demand on communication between the brand and the society at large. 7-Eleven has made its first foray into the social media scene with the launch of the http://www.facebook. com/7ElevenMalaysia fan page. The aim is to tap into available channels to listen to the beat of society and be able to interact on an unprecedented level with all its customers. In addition to the success of its franchise opportunity launched in 2009, 7-Eleven seeks to further open doors of opportunity for local entrepreneurs to be their own bosses within their respective communities as our franchisees. 7-Eleven has also formed a joint collaboration with Perwira Niaga Malaysia (PERNAMA) to offer at least 100 ex-servicemen resettlement opportunities with job placements at 7-Eleven stores, as they work towards becoming a 7-Eleven franchisee. With recent developments and more take-ups by local entrepreneurs, 7-Eleven will continue to seek avenues to further enrich local community growth as a whole. PROMOTION 7-Eleven has and will continue to adopt an aggressive stance in launching new promotions and contests in-store which offers great values and a more rewarding experience to its customers beyond the usual community shopping experience. A recent online video contest – “My Funniest Slurpee Video” has showcased efficaciously the underlying passion of our customers towards Slurpee and the endorsement of its ubiquitous affinity with the brand. Apart from that, 7-Eleven Malaysia was also featured in a real-time online game show in May 2011. This served as a useful channel in gaining insightful customer feedback and an opportunity for 7-Eleven to showcase their products. Thus, be it a consumer contest to reward customers with exclusive prizes or Monthly Highlights promotions to help customers stretch their Ringgit, 7-Eleven constantly strives to renew the overall purchase experience for its everyday customers. It is in this same credo, to go the extra mile and provide value-added experiences that no stores are willing to offer, 7-Eleven shall continue to engage and excite loyal shoppers with continuous rewards, simply for making the better and more convenient choice. BRAND VALUES Being the premier neighbourhood convenience store, community building is at the heart of 7-Eleven’s corporate social responsibility framework. This embellishes 7-Eleven’s goal of enriching lives in our society. The 7-Eleven Community Care is a non-profit entity set up to implement all corporate social responsibility and philanthropic initiatives. 7-Eleven embraces societal building sentiments through its own unique environmental conservation and social welfare pillars to contribute back to the local community where the business operates in. 7-Eleven launched its first nationwide community care campaign in 2010. Named “Semurni Kasih Ramadhan,” the campaign collected goods via 1,173 stores from the customers to benefit the underprivileged homes and individuals in the neighbourhood of respective 7-Eleven stores. 7-Eleven does not merely stand as a symbol for convenient shopping but also aims to become a community centre at the core growth of the society as well as to help serve the less fortunate. The Community Care donation boxes which is the prime vehicle of fund raising has also been rolled out at all stores to collect loose change from customers. Proceeds from the collection will go towards funding various community initiatives that will make a difference. On the “Greener” side, 7-Eleven has not only adhered to the government’s calling on conserving the environment by reducing the use of plastic bags. There are also plans to go beyond the stipulated to support Mother Nature. Since 2009, 7-Eleven stores have switched over to OXO-degradable plastic bags as part of its 3R (Reduce, Reuse, Recycle) Green initiatives. Believing that 7-Eleven can play a larger role in promoting “No Plastic Bag” days, the ultimate goal would be to implement the initiative of “No Plastic Bag Day” everyday at 7-Eleven. www.7Eleven.com.my THINGS YOU DIDN’T KNOW ABOUT 7-ELEVEN • The first 7-Eleven store in Malaysia opened on 9 October 1984 in Jalan Bukit Bintang, Kuala Lumpur and it is still in operation today. • 7-Eleven achieved its 1,000 stores milestone in 2009, and the year also marked the 25th Anniversary since its inception in Malaysia. • 7-Eleven’s official Facebook Fan Page is called 7-Eleven Malaysia • In Malaysia, 7-Eleven Day is celebrated on 7 November (7/11) instead of July 11 which is the official birthday of the 7-Eleven convenience store. M A L AY S I A’ S S T R O N G E S T B R A N D S | 27