Archive for Items Categorized 'Avanti Magazine', only excerpts shown, click title for full entry.
By Eric H. Karp, Esq., General Counsel To NCASEF In June 2023 the United States Federal Trade Commission (FTC) issued a proposed rule which would prohibit certain practices regarding what it characterizes as deceptive or unfair consumer reviews and endorsement practices. This closely followed the FTC’s issuance of written guidelines concerning the use of endorsements […]
By Teeto Shirajee, NCASEF Vice Chairman In the dynamic world of convenience retailing, 7-Eleven franchisees face the ever-present challenge of inflation, which threatens to erode profit margins and disrupt operational efficiency. However, there are robust strategies that can be employed to counteract these challenges and ensure the sustainability and growth of our 7-Eleven franchises. A […]
By Sukhi Sandhu, NCASEF Chairman In the ever-evolving landscape and challenges of running a 7-Eleven store, the role of our NCASEF committees is crucial. They are the engines driving positive change and addressing store-wide issues, forming a vital link between our franchisees and SEI. When I was first elected NCASEF Chairman, my primary goals were […]
By Joe Rossi, NCASEF Executive Vice Chair There’s no underestimating the power of open, honest, and respectful communication, especially when it comes to our interactions with representatives from 7-Eleven, Inc. (SEI). In my role as NCASEF Executive Vice Chairman, one of my key responsibilities is to ensure that the voices of our franchisees are heard, […]
By Eric H. Karp, Esq., General Counsel To NCASEF For the standing room only crowd that attended my report at the 2023 NCASEF Convention, I gave an overview of a number of subjects regarding the state of the 7-Eleven system, necessarily focusing on gasoline sales, which over the last several years have been an increasing […]
By Teeto Shirajee, NCASEF Vice Chairman The retail industry is no stranger to challenges, from evolving consumer behaviors to increasing competition from e-commerce giants. However, there is an often-overlooked crisis within retail businesses that deserves attention: the high employee turnover rate. This unaddressed crisis is not only detrimental to the profitability and overall success of […]
By Sukhi Sandhu, NCASEF Chairman What a whirlwind four days we had at the NCASEF 47th Annual Convention and Trade Show held at Caesars Palace in Las Vegas. The theme of the event was “Building the Brand Together,” and I believe we certainly lived up to it. The convention was packed with franchisees from all […]
By Raj Singh, NCASEF Vice Chairman Franchisees should review the following reports on a daily, weekly, and monthly basis in order to analyze how your store is performing and to identify opportunities for improvement. All the reports mentioned below can be accessed on 7-Report. REPORTS TO MONITOR DAILY DMR—Daily Merchandise Report This report provides […]
By Joe Rossi, NCASEF Executive Vice Chair Now that we’ve made it past the 100 Days of Summer, it seems apt to step back and assess not just our individual accomplishments but also our collective gains as part of the 7-Eleven franchisee community. We’ve weathered many storms together, including the impact of COVID-19 that disrupted […]
By Eric H. Karp, Esq., General Counsel To NCASEF In the last issue of Avanti, we explored the turnover rates of franchised stores, which includes terminations of franchise agreements, non-renewals, repurchases by the franchisor, and abandonments of stores by franchisees. That examination did not include transfers in the calculation of turnover rates. In an excellent […]
