Deal Makes 7-Eleven's Newspaper Category Management More Efficient
Using Nexxus Group's scan-based trading to pay distributors
DALLAS -- 7-Eleven Inc. 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.
Nexxus already provided the services to Dallas-based &-Eleven's North Florida Division.
The company will use its proprietary SBT program to manage the newspaper category invoices for more than 7,800 branded 7- Eleven convenience stores across the United States. The program took effect 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's vice president of innovation.
"We believe our SBT program will bring significant efficiencies to 7-Eleven's newspaper- category management," said Nexxus CEO Mark Landgren,
Established in 2003, Nexxus is a leading provider of full-service SBT solutions to more than 45,000 locations for 85 retailers in the United States, Canada and Puerto Rico. Its customers include market leaders in the convenience store, grocery, mass merchant, discount and specialty retailer segments as well as to national consumer packaged goods (CPG) suppliers. The Nexxus Group supports retailers and manufacturing partners in categories such as bakery, propane, books, DVDs, snacks, novelties, magazines and newspapers.
Other convenience store clients include Certified Oil, Gate Petroleum, Petr-All Petroleum/Express Mart, Circle K, Worsely/VPS, Cenex Zip Trip, Rutter's, MACS, Alliance Energy, Vintners, Byrne Dairy, Sac-N-Pac, Susser/Stripes, Kroger's c-stores, GasAmerica, NOCO Express, RaceTrac, Wawa, Sheetz, Thorntons and more.
7-Eleven operates, franchises or licenses more than 10,300 7-Eleven stores in North America. Globally, there are approximately 53,000 7-Eleven stores in 16 countries. During 2012, 7-Eleven stores generated total worldwide sales close to $84.8 billion.