Archive for Items Categorized 'Avanti Magazine', only excerpts shown, click title for full entry.
By Sukhi Sandhu, Chairman, NCASEF Over the past several months, I have spent a great deal of time talking with franchisees across the country about the challenges they are facing in their stores. The message has been consistent. Operating costs continue to rise, customer traffic remains under pressure, and too many programs designed to increase […]
By Teeto Shirajee, NCASEF Vice Chair In the fast-moving world of convenience retail, independent franchise owners face a unique blend of opportunity and challenge. From navigating supply chain shifts to managing labor, technology, and customer expectations, running a 7-Eleven store requires both agility and insight. That’s exactly why local Franchise Owners Associations (FOAs) exist—to strengthen […]
By Eric H. Karp, General Counsel The phrase which serves as the title of this article appears on side 13 of the Presentation for the First Quarter of FY 2026, issued by Seven & i Holdings Co., Ltd. (the parent company of 7-Eleven, Inc.) on July 9, 2026 (the “Q1 2026 Presentation”).(1) But the “capital […]
By Teeto Shirajee, NCASEF Vice Chair One of the most important things I always tell franchisees is that you cannot fully understand your store’s financial health unless you understand your reports. The 11A Detailed General Ledger Report is one of the most useful tools available because it gives you a complete breakdown of the charges, […]
By Sukhi Sandhu, Chairman, NCASEF The past several months have brought significant changes to the leadership team at 7-Eleven, Inc. Long-time executives who were familiar faces to franchisees and FOA leaders—including former CEO Joe DePinto and Senior Vice Presidents Randy Quinn and Dennis Phelps—have departed the organization. Like many franchisees across the country, I was […]
By Eric Karp, General Counsel To NCASEF The parent company of 7-Eleven, Inc. (SEI) held an Investor Relations Day on April 23, 2026, based on a detailed PowerPoint presentation, 15 slides of which were devoted to SEI. On the following day, the parent company posted a video of a presentation to investors based on […]
By Teeto Shirajee, NCASEF Vice Chair Gross profit is the difference between total sales and cost of goods sold (COGS). On the Financial 48A, this is calculated by: Tracking sales revenue across all categories. Subtracting COGS, which is based on beginning inventory + purchases – ending inventory. Expressing the result as both a dollar amount […]
By Sukhi Sandhu, NCASEF Chairman For the past three years, franchisee net income has continued to decline. That reality is becoming harder to ignore—especially at a time when inflation, labor costs, and everyday operating expenses continue to rise. Whether you are a business owner or a working family, income must move forward, not backward. Yet […]
By Raj Singh, NCASEF Treasurer Understanding Form I-9 Requirements When hiring or rehiring employees in the United States, every employer—regardless of company size or industry—must comply with federal employment eligibility verification laws. The cornerstone of this process is Form I-9, issued by the U.S. Citizenship and Immigration Services (USCIS). Properly completing, maintaining, and retaining this […]
By Eric Karp, General Counsel To NCASEF Faced with headwinds from a number of directions, the parent company of 7-Eleven, Inc. has publicly announced plans to transform the company (but not the store level economics for franchisees) in a number of ways. Those initiatives have been described in my previous columns and at National Coalition […]
