Archive for Items Categorized 'Avanti Magazine', only excerpts shown, click title for full entry.
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 […]
By Sukhi Sandhu, NCASEF Chairman In an increasingly competitive labor market, the battle for reliable employees is growing fierce. The stakes are high, with a constant surge in the employment rate and heightened competition for quality labor. This is especially significant for our stores, where maintaining a consistent and reliable workforce is pivotal to our […]
By Joe Rossi, NCASEF Executive Vice Chair Managing a convenience store is about more than ensuring shelves are stocked and customers are served. It’s also about actively participating in the legislative landscape at both the local and national levels. Our operations can be significantly affected by changes in legislation, such as tobacco flavor bans, credit […]
By Eric H. Karp, Esq., General Counsel To NCASEF The United States Federal Trade Commission Franchise Rule requires all franchise companies to annually disclose not only the number of franchised locations they have, but a variety of other data regarding increases or decreases in the number of franchised locations and the reasons for those changes. […]
By Sukhi Sandhu, NCASEF Chairman As a 7-Eleven franchisee in California, I’ve experienced first-hand the challenges that our stores have faced due to the recent tobacco flavor bans in our state. The impact on our traffic count has been significant, as these bans not only affected our cigarette and tobacco sales, but also the sales […]
