Shoppers in the North Texas region may begin to joke about having a “7-Eleven on every corner,” as the convenience store retailer plans to add more than 75 stores in the area over the next three years, according to a report in the Dallas Business Journal.
The additions are part of a plan triggered by opportunities created in the commercial real estate downturn, the report stated. Nationwide, the company will add 550 stores and roughly 4,000 worldwide during the same period, CEO Joe DePinto told the paper.
“We’ve really positioned ourselves for this,” DePinto said in the report. “We have a strong balance sheet, real estate values are down, and a lot of other retailers aren’t growing right now, so there’s a lot of real estate available that would have been cost-prohibitive in the past.”