Description
MT140-5: Discuss the purpose of corporate social responsibility and ethics.
GEL-7.02: Apply ethical reasoning to ethical issues within the field of study.
The Unit 7 Assignment requires you to consider the role of Corporate Social Responsibility (CSR) in an organization’s strategy. CSR requires companies to ensure they are always working towards four pillars of societal accountability: economic, legal, ethical, and philanthropic.
Using the material from Chapter 4 of the text as well as your own independent research, you will draft an informative essay that makes the connection between a theoretical understanding of CSR and how it is reflected in the strategies of a real organization. Outcomes evaluated through this assignment include MT140-5 and GEL-7.02.
Utilize the Unit 7 template.
Using your research skills, locate and cite the CSR policy of one well-known public company.
Referring to your selected company’s CSR initiatives, identify which pillars of responsibility they seem most focused on: economic, legal, ethical, or philanthropic. Give at least two specific examples.
Research the mission statement of your chosen company. Describe how the company’s mission statement aligns with its CSR policy. Give at least three specific examples.
The paper is required to include an introduction, conclusion and be at least two double-spaced pages in length, using 11-point Georgia font.
For assistance writing a paper or formatting a reference list in APA format, please see the Academic Writer link under Academic Tools.
Reference the course textbook and a minimum of one article from the Purdue University Global Library.
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7-Eleven, Inc. Profile
3200 Hackberry Rd
Irving, TX 75063-0131 United States
Phone: 1-972-828-0711
http://www.7-eleven.com
WELCOME
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June 1, 2023 • PAGE i
Table of Contents
Company Overview
1
Key Information
1
Key Financials
1
Key People
1
Company Description
3
Company History
5
Industry Information
6
People
7
Employees
7
Board Members
7
Biographies
8
JOSEPH DEPINTO
8
RANKIN GASAWAY
8
DARREN REBELEZ
8
STANLEY REYNOLDS
8
Company Financials
Financial Summary
Competition
9
9
10
Competitors List
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10
June 1, 2023 • PAGE ii
Company Overview
3200 Hackberry Rd
Irving, TX 75063-0131 United States
Phone: 1-972-828-0711
http://www.7-eleven.com
7-Eleven is the premier name in the convenience-retailing industry. Known for signature beverages Slurpee, Big
Bite, and Big Gulp, the company operates more than 13,000 stores in the US and Canada under the 7-Eleven
name. Globally, 7-Eleven licenses over 83,000 stores in around 20 countries and regions, mostly in the AsiaPacific region and the Nordic countries of Europe. It is the first to provide to-go coffee cups, offer a self-serve
soda fountain, operates for 24 hours a day, and even coined the phrase BrainFreeze in honor of the world’s
favorite frozen drink. 7-Eleven is wholly-owned by Japanese retail conglomerate Seven & i Holdings.
Key Information
DUNS Number
Location Type
Subsidiary Status
Manufacturer
Company Type
Plant/Facility Size (Square Feet)
Owns/Rents
Accountant
Total Employees
Employee Growth ( )
Employees At This Location
Year of Founding or Change in Control
Primary Industry
Primary SIC Code
Primary NAICS Code
Tradestyle
Latitude/Longitude
007347602
Parent/Headquarters
Yes
No
260,033.00
Owns
27,866
949
1991
1527: Convenience Stores & Truck Stops
54110201: Convenience stores, chain
7-Eleven
32.924702 / -96.987742
Key Financials
Fiscal Year-End
Sales (Modelled)
Net Income
Prescreen Score
$17,176.69M
Low Risk
Key People
Name
Title
JOSEPH DEPINTO
Chief Executive Officer, President
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June 1, 2023 • PAGE 1
RANKIN GASAWAY
DARREN REBELEZ
STANLEY REYNOLDS
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Senior Vice President
Chief Operating Officer
Chief Financial Officer
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Company Description
The company offers innovative products representing categories including, private brands — all categories,
fresh foods, packaged beverages, alcoholic beverages, snacks and candy, and non-foods. Some of its most
popular menu items are the SLURPEE drink, the BIG GULP, and then the BIG BITE.
The global brand now operates a robust family of banners and brands, including Laredo Taco Company,
Speedway, Stripes, and Raise the Roost Chicken and Biscuits, as well as proprietary products and services
including 7NOW, 7Rewards, Speedy Rewards, and 7 Eleven Fleet, throughout the US.
Headquartered in Irving, Texas, 7-Eleven operates, franchises, and licenses more than 83,000 stores in nearly
20 countries and regions.
7-Eleven attracts and retains customers through several programs that it offers. 7-Eleven customers can earn
and redeem points on various items in stores nationwide through its 7Rewards loyalty program, place an order
in the 7NOW delivery app, or use 7-Eleven for bill payments, self-service lockers, and other convenient services.
Claude Dawley formed the Southland Ice Company in Dallas in 1927 when ice was a precious necessity during
Texas summers for storing and transporting food. Dawley bought four other Texas ice plant operations with
backing from Chicago utility magnate Martin Insull. The purchases included Consumers Ice, where Joe
Thompson had increased profits by selling chilled watermelons off the truck docks.
After the Dawley enterprise was underway, a dock manager named Uncle Johnny” Jefferson Green in Dallas
began stocking a few food items for customers. (Ice docks were exempt from Texas’ blue laws and could operate
even on Sundays.) He relayed the idea to Thompson, then running the ice operations, who adopted it at all
company locations. Thompson promoted the grocery operations by calling them Tote’m Stores and erecting
totem poles by the docks. In 1928 he added gas stations to some store locations.
Insull bought out Dawley in 1930, and Thompson became president. He expanded Southland’s operations even
as the company operated briefly under the direction of bankruptcy court (1932-34). Having become the largest
dairy retailer in the Dallas/Fort Worth area, in 1936 the company began its own dairy, Oak Farms, to supply
some of its milk (sold 1988). Ten years later the company changed its name to The Southland Corporation and
adopted the store name 7-Eleven, a reference to the stores’ hours of operation at the time.
After Thompson died in 1961, his eldest son, John, became president. John opened stores in Colorado, New
Jersey, and Arizona in 1962 and in Utah, California, and Missouri in 1963. The company introduced the Slurpee,
a fizzy slush drink, in 1965. Southland franchised the 7-Eleven format in the UK (1971) and in Japan (1973).
To supply its gas pumps, in 1983 the company purchased CITGO, a gasoline refining and marketing business
with about 300 gas stations. It soon sold a 50% interest of the business to the Venezuelan government-owned
oil company Petróleos de Venezuela (PDVSA) in 1986.
In 1988 John and his two brothers borrowed heavily to buy 70% of Southland’s stock in an LBO. Stymied by
debt, the company sold its remaining 50% stake in CITGO to PDVSA in 1990. However, Southland defaulted on
$1.8 billion in publicly traded debt later that year and filed for bankruptcy protection. The company then
persuaded bondholders to restructure its debt and take 25% of its stock, clearing the way for the purchase of
70% of Southland in 1991 by its Japanese partner, Ito-Yokado. Company veteran Clark Matthews was named
CEO that year.
From 1991 to 1993 sales declined as Southland closed stores, renovated others, and upgraded its
merchandise. In 1998 Southland began testing in-store electronic banking kiosks, which allow users to cash
checks, pay bills, and transfer funds. New store openings and acquisitions (Christy’s in New England, red D
marts in Indiana) added 299 more units that year.
Southland changed its name to 7-Eleven in 1999 to better reflect the lone business of the company. In early
2000 Ito-Yokado raised its stake in 7-Eleven to 73%. (Ito-Yokado and its licensee Seven-Eleven Japan were
acquired in late-2005 by Japanese conglomerate Seven & i Holdings.) COO Jim Keyes (a 15-year veteran who
began by managing 7-Eleven’s Citgo gasoline business) replaced Matthews as CEO in 2000.
In honor of its 75th anniversary, among other reasons, 7-Eleven launched the most extensive advertising
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June 1, 2023 • PAGE 3
campaign in its history in 2002. The company cancelled plans that year to open a flagship store in New York
City’s Times Square. The company also closed 133 underperforming stores and opened 127 new locations in
North America. Overseas licensees opened a net 1,792 stores.
In 2003 chairman Ito retired from the board of directors along with co-vice chairman Matthews.
A year later 7-Eleven sold its 42-story Cityplace Center headquarters building in downtown Dallas to Prentiss
Properties for approximately $125 million. In October the California attorney general’s office fined 7-Eleven $5
million in damages and required the chain to make $10 million in improvements to its gasoline storage tanks for
violating environmental and safety regulations at 232 stores in that state.
Seven-Eleven Japan completed a tender offer for the remainder of 7-Eleven, Inc. in late 2005. As a result, 7Eleven became a wholly-owned subsidiary of Seven-Eleven Japan, which is in turn a subsidiary of holding
company Seven & i Holdings.
In August 2006, 7-Eleven acquired WHP Holdings Corp., the holding company for the White Hen Pantry and
Pantry Select chains of convenience stores. White Hen Pantry operates 206 stores, mainly in the metro Chicago
area, and about 55 licensed stores in and around Boston. The terms of the deal were not disclosed. Ending a 20year relationship with CITGO Petroleum Corporation, 7-Eleven dropped the gasoline supplier in late 2006 -looking, instead, to distributors Tower Energy Group (California), Sinclair Oil Corporation (Utah), and Frontier Oil
Corporation (Texas) for fuel.
The next year 7-Eleven sold 500 ATMs and financial-services kiosks, or Vcoms, to Cardtronics for about $135
million. As a result of the deal, Cardtronics gained exclusive rights to operate all 7-Eleven ATMs and Vcom
kiosks across the US, including new locations 7-Eleven opens, for 10 years. In what became the biggest
promotion in 7-Eleven’s history, a dozen stores in North America were converted to the Kwik-E-Mart banner in
preparation for the release of The Simpsons Movie in 2007. Also that year the company launched its own brand
of prepaid wireless cell phone service, called 7-Eleven Speaks Out, in Dallas/Fort Worth.
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June 1, 2023 • PAGE 4
Company History
In 1927, “Uncle Johnny” Jefferson Green had the idea to start selling everyday staples from the dock of a local
icehouse in Dallas, Texas. The world’s first convenience store was born. In 1933, prohibition is repealed, and the
ice docks started selling beer and liquor, which dramatically impacted store growth.It was in 1937 that Southland
Ice Company President and Founder Joe C. Thompson Jr. took Uncle Johnny’s idea to other local ice docks.
Within a decade, locations selling the new product line tripled in numbers. The new “convenience stops” were
called Tote’m Stores.In 1946, the name changed from Tote’m Stores to 7-Eleven to reflect the new extended
hours – 7am to 11pm, seven days a week. In 1965, the company launched the Slurpee drink and the world’s
first coffee to go.
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Industry Information
Primary SIC Code
54110201: Convenience stores, chain
Primary NAICS Code
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June 1, 2023 • PAGE 6
People
Employees
Title
Name
Age
Salary
Bonus
Chief Executive Officer,
President
Senior Vice President
Chief Operating Officer
Chief Financial Officer
JOSEPH DEPINTO
—
—
—
RANKIN GASAWAY
DARREN REBELEZ
STANLEY REYNOLDS
—-
—-
—-
Board Members
Title
Name
Age
Board Member
Board Member
DARREN REBELEZ
MR. SHINTARO ASAKO
—
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June 1, 2023 • PAGE 7
Biographies
JOSEPH DEPINTO
Chief Executive Officer, President
RANKIN GASAWAY
Senior Vice President
DARREN REBELEZ
Chief Operating Officer
STANLEY REYNOLDS
Chief Financial Officer
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June 1, 2023 • PAGE 8
Company Financials
Financial Summary
Company Type
Fiscal Year-End
2022 Sales (Modelled)
1-Year Sales Growth
2022 Net Income
1-Year Net Income Growth
Prescreen Score
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Parent/Headquarters
March
$17,176.69M
–%
—%
Low Risk
June 1, 2023 • PAGE 9
Competitors List
Company
Alimentation Couche-Tard Inc (Top Competitor)
Casey’s General Stores, Inc.
CST Brands, LLC
Delhaize America, LLC
Delhaize Le Lion/De Leeuw
Giant Food LLC
Kwik Trip, Inc.
Publix Super Markets, Inc.
Randall’s Food Markets, Inc.
Royal Dutch Shell PLC (Top Competitor)
Safeway Inc.
Susser Holdings Corporation
Target Corporation
Tengelmann Warenhandelsgesellschaft KG
The Great Atlantic & Pacific Tea Co Inc (Top
Competitor)
The Pantry Inc
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Gross Revenue
Employees
$54,132.40M
$12,952.59M
$1,337.38M
$2,086.74M
$6,114.86M
$517.85M
$1,377.27M
$54,942.00M
$478.48M
$4.84M
$36,950.55M
$365.24M
$109,120.00M
$8,793.36M
—
131,000
37,205
15,155
45,455
$532.91M
15,140
27,835
10,500
232,000
17,378
12
138,000
1,954
440,000
65,050
39,000
June 1, 2023 • PAGE 10
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