DANVERS, Massachusetts (July 1) – 7-Eleven, Inc., the U.S. and world’s largest convenience retail chain, has signed an agreement with The Nexxus Group to employ that company’s scan-based trading (SBT) process to handle payments with its newspaper distributors.
The Nexxus Group will use its proprietary SBT program to manage the newspaper category invoices for more than 7,800 branded 7- Eleven® stores across the United States. The program takes effect Monday, May 5.
“The Nexxus Group will assist in simplifying the process for our stores to have the newspapers our guests want every day,” said Rob Chumley, 7-Eleven, Inc.’s vice president of Innovation.
“This partnership is an incredible achievement for the entire Nexxus Group family,” said Nexxus Group co-founder and Chairman Jim Rao.
Added Nexxus CEO Mark Landgren, “We believe our SBT program will bring significant efficiencies to 7-Eleven’s newspaper-category management.”
About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, TX, 7-Eleven operates, franchises or licenses more than 10,300 7-Eleven® stores in North America. Globally, there are some 53,000 7-Eleven stores in 16 countries. During 2012, 7-Eleven stores generated total worldwide sales close to $84.8 billion. 7-Eleven has been honored by a number of companies and organizations recently.
Accolades include: No. 2 on Franchise Times Top 200 Franchise Companies for 2013; No. 3 spot on Entrepreneur magazine’s Franchise 500 list for 2012, and #3 in Forbes magazine’s Top 20 Franchises to Start. 7-Eleven is No. 3 on Fast Company magazine’s 2013 list of the “World’s Top 10 Most Innovative Companies in Retail” and among the Top Veteran-Friendly Companies for 2013 by U.S. Veterans Magazine and on GI Jobs magazine’s Top 100 Military Friendly Employers for 2014. Hispanic Magazine named 7-Eleven among its Hispanic Corporate Top 100 Companies that provide the most opportunities to Hispanics. 7-Eleven is franchising its stores in the U.S. and expanding through organic growth, acquisitions and its Business Conversion Program.
To learn more, please visit http://www.7-Eleven.com.
About The Nexxus Group
Established in 2003, The Nexxus Group provides the industry’s leading full-service Scan Based Trading (SBT) solution and is a trusted business solutions and services partner at more than 50,000 locations for 90 retailers in the United States, Canada and Puerto Rico. The Nexxus Group delivers an innovative and cost effective SBT solution to both retailers and suppliers by providing data exchange, sales and margin reporting, consolidated billing and world-class customer service. The Nexxus Group clients report more efficient and effective management of product categories while increasing sales and lowering costs in the supply chain. The Company’s customers include market leaders in the Convenience, Grocery, Mass Merchant, Discount and Specialty Retailer industries as well as National CPG Suppliers. The Nexxus Group supports retailers and manufacturing partners in categories such as Bakery, Propane, Books, DVDs, Snacks, Novelties, Magazines and Newspapers.
For more information visit TheNexxusGroup.com. Follow us on LinkedIn.