Category Archives: Businesses

NY 7-Eleven News

7-Eleven Inc. – the multi-million dollar corporation boasting $782 million in revenue last year – has a humble history. Starting in 1927 John Jefferson Green began selling bread and milk convenience products in ice-house storefronts. Today there are 68,236 stores worldwide.

New York City 7-Eleven stores are now offering something extra.  A new feature with its mobile app.  Customers who have the store’s rewards program will be able to scan product barcodes, pay using a stored card/mobile-payment service and also scan a confirmation code post-purchase.  In other words NYC customers will be able to pay for their items from their phone, bypassing the checkout line completely.  Any promotions will be automatically featured in. According to 7-Eleven Chief Digital, Information and Marketing Officer, Gurmeet Singh:

“More people are on the go and looking for faster, easier ways to shop than ever before. 7-Eleven continues to redefine convenience with frictionless experiences like Mobile Checkout. Our customers use their smartphone for all kinds of activities that save them precious time. Now with the Mobile Checkout feature, customers can control their entire 7-Eleven shopping experience. Not only that, but customers can earn and redeem points on a variety of products when using Mobile Checkout. Customers are given lots of options when they walk into a 7-Eleven store, from product assortment and customization all the way to payment methods. Mobile Checkout is just one more way we can make someone’s day a little easier and give 7-Eleven customers a convenient checkout alternative to waiting in line during a store’s busiest times of day. It’s another reason to say, ‘Oh thank heaven for 7-Eleven.'”

Perhaps after last month’s news of what 7-Eleven Inc. did for a new baby, it’s not surprising the company is so successful.  J’Aime Brown was born on 7/11/19 (July 7), at 7: 11pm, weighing 7 pounds 11 ounces. Following the announcement of her birth, 7-Eleven pledged $7,111 toward a college fund for her as well as newborn goodies including special 7-Eleven Inc., onesies!

Upcoming Conferences

This month and next month there are a variety of conferences and meet-ups in New York.  Here we take a look at three of them:

On March 11th, starting at 8am and continuing until March 12th at 4.30pm, New York’s Grand Hyatt will be home to the Local Online Advertising Conference.  Hosted by Borrell Associates, a whole slew of industry leaders will come together at the largest gathering of local digital media executives. Now in its 10th year, attendees will be privy to top speakers tackle paramount trends within the industry. Note:  the conference is all about local, digital, and advertising. Between 300 and 500 executives attend each year.

A week later the Marriott, Brooklyn Bridge will open its doors to the Responsible Business Summit. With approximately 500 attendees, the two-day event from 18th-19th March is now in its 7th year.  Speakers include: Assistant Secretary General UN Environment, Satya Tripathi, Mayor of Philadelphia James F. Kennedy, CEO of LanzaTech Jennifer Holmgren, President of the SASB Foundation Matthew Welch and more. Supplemental to the summit, participants can take advantage of the Sunrise EC running club led by Ethical Corporation MD Liam Dowd, a mingling of SDG-focused networking, whereby attendees can share ideas, and the Start-up Showcase where one can benefit from innovators to aid in the acceleration of goals and ambitions.

Next month The Spring Investor Summit arrives in New York between April 1 and 2.  This event facilitates the networking of small and microcap firms with high-level, institutional and retail investors. Set in the stunning Essex House, participants can enjoy the conference while looking out at New York’s Central Park! Hailed as “the fastest growing investor conference in the country,” its goal is “to highlight the most compelling publicly traded companies under $5 billion in market cap across all sectors.”  200 companies will present; 1,200 institutional and retail investors will be present and 2,000 one-on-one meetings will be held.   

Recent New York Transactions

business transactions

New York is a hub for business transactions.  Here we take a look at three recent ones.

The Parker New York has been acquired by GFI Capital Resources Group and Elliot Management Corporation affiliates.  $100m+  has been committed by these companies for renovation purposes.  With this money residential condo units will be incorporated into the premises.  Thomas Juul-Hansen is leading the design team.

The Little Rock Sedgwick Building has been purchased for $4.5m by New York’s Woodmont Hardin.  Located at 400 Hard Road, it has nearly 50,000 square feet office space capacity.  It is being sold by Responsive Education Solutions.

A new position if 764,359 shares of Avanos Medical Inc has been purchased by Bank of New York Mellon Corp in the third quarter.  This has been valued at approximately $52,359,000. Other shares were purchased by Bollard Group LLC (valued at $100,000); Whittier Trust Co (valued at $110,000) and Public Employees Retirement System of Ohio (valued at $136,000).