Stephen Hayes Dacus becomes first foreign CEO of 7-Eleven in Japan
TOKYO (AP) — Stephen Hayes Dacus was approved Tuesday to be the new chief executive of the operator of 7-Eleven, the first foreigner to lead the Japanese convenience store chain.
The American with a Japanese mother was appointed earlier this year to be chief executive of Seven & i Holdings Co., which operates the stores, known as 'konbini' in Japan.
An acquisition proposal by Alimentation Couche-Tard of Canada, which the company has so far rejected, was not up for vote at the shareholders' meeting. The companies are discussing the proposal and Seven & i is conducting an internal study.
Dacus has promised further growth for the business, which has been widening its overseas appeal. The 7-Eleven chain is the biggest convenience store chain in the U.S. But some analysts say there are challenges in the Japanese market, where the population is rapidly aging and competition is fierce among konbini brands.
Fluent in Japanese and English, Dacus previously worked at Walmart, Japanese clothing chain Uniqlo and other retailers. Shareholders appeared to have high hopes for his leadership and the rest of the new team that also won their approval. It remains unclear whether the company is going to go it alone or decide to collaborate with Couche-Tard.
The 7-Eleven stores in Japan sell everything from ice cream to batteries to health needs and hot meals. Some stores allow customers to pay utility bills or use the copier machine. They also work with local governments to help out during disasters, providing water, relief supplies, toilet facilities and emergency information.
___
Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
39 minutes ago
- New York Post
Female athletes appeal landmark NCAA settlement, saying it violates federal antidiscrimination law
Eight female athletes filed an appeal Wednesday of a landmark NCAA antitrust settlement, arguing that women would not receive their fair share of $2.7 billion in back pay for athletes who were barred from making money off their name, image and likeness. US District Judge Claudia Wilken approved the settlement last week, clearing the way for direct payments from universities to athletes and the end of the NCAA's amateurism model. The athletes who appealed the settlement competed in soccer, volleyball and track. They are Kacie Breeding of Vanderbilt; Lexi Drumm, Emma Appleman, Emmie Wannemacher, Riley Hass, Savannah Baron and Elizabeth Arnold of the College of Charleston; and Kate Johnson of Virginia. They have standing to appeal because they previously filed objections to the proposed settlement. Advertisement College soccer player Lexi Drumm leaves federal court in Oakland, Calif. on April 7, 2025. AP Ashlyn Hare, one of the attorneys representing the athletes, said in a statement that the settlement violates Title IX, the federal law that bans sex-based discrimination in education. 'We support a settlement of the case, but not an inaccurate one that violates federal law. The calculation of past damages is based on an error that ignores Title IX and deprives female athletes of $1.1 billion,' Hare said. 'Paying out the money as proposed would be a massive error that would cause irreparable harm to women's sports.' Advertisement The law firm representing the plaintiffs in the settlement issued a statement saying the appeal would delay payments to hundreds of thousands of athletes by a minimum of several months. 'These attorneys are pursuing an appeal based on a Title IX issue that Judge Wilken already disposed of correctly, quickly and multiple times,' the statement said. The House settlement figures to financially benefit football and basketball stars at the biggest schools, who are likely to receive a big chunk of the $20.5 million per year that colleges are permitted to share with athletes over the next year. The NCAA logo at center court of The Consol Energy Center in Pittsburgh on March 18, 2015. AP Advertisement Some athletes in other sports that don't make money for their schools could lose their partial scholarships or see their roster spots cut. 'This is a football and basketball damages settlement with no real benefit to female athletes,' Hare said. 'Congress has expressly rejected efforts to exempt revenue-generating sports like football and basketball from Title IX's antidiscrimination mandate. The NCAA agreed with us. Our argument on appeal is the exact same argument the conferences and NCAA made prior to settling the case.' The appeal was filed by the law firm Hutchinson Black and Cook of Boulder, Colorado, and was first reported by Front Office Sports. It would be heard by the US Court of Appeals for the Ninth Circuit.
Yahoo
an hour ago
- Yahoo
Investing in LIMES Schlosskliniken (ETR:LIK) five years ago would have delivered you a 280% gain
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But when you pick a company that is really flourishing, you can make more than 100%. For instance, the price of LIMES Schlosskliniken AG (ETR:LIK) stock is up an impressive 280% over the last five years. It's also up 29% in about a month. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. During the five years of share price growth, LIMES Schlosskliniken moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. You can see below how EPS has changed over time (discover the exact values by clicking on the image). This free interactive report on LIMES Schlosskliniken's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. While the broader market gained around 19% in the last year, LIMES Schlosskliniken shareholders lost 0.6%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 31%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. Before forming an opinion on LIMES Schlosskliniken you might want to consider these 3 valuation metrics. For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
2 hours ago
- Yahoo
🚨Cruz Azul president confirms Larcamón as new head coach
Victor Velázquez dropped the bombshell of the transfer market, as he confirmed Nicolás Larcamón as the chosen one to lead the team after the departure of Vicente Sánchez. It was during the event announcing a new sponsor that the president spoke to the press about the coach's signing. "We talked, we saw his methodology, and we showed him what we want at Cruz Azul. We're thinking of a team that is a protagonist, that has a new style of play that excites the fans." Advertisement "We're looking for a coach profile that fits the type of players we have. In Nicolás, we saw qualities and those characteristics are what led us to make this decision," he stated. Likewise, Velázquez mentioned that Larcamón already knows the team and they will work with him to bring in reinforcements and manage upcoming departures. This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here. 📸 Hector Vivas - 2025 Getty Images
