Seven Eleven Supports 100,000 Masks to Franchise Stores Nationwide
Raised 92 Million KRW in Donations
Continued Win-Win Activities for Franchise Stores Including Operation of Win-Win Fund
[Asia Economy Reporter Lim Hye-seon] Convenience store chain Seven Eleven has united its headquarters and employees to support franchise owners struggling with store operations due to the prolonged COVID-19 pandemic.
On the 2nd, Seven Eleven announced that the company and its employees raised 92 million KRW in donations through a 1:1 matching grant system and purchased 100,000 masks to be distributed to franchise stores nationwide. The matching grant means the company matches the amount donated by employees with an equal amount.
Seven Eleven explained, "As the COVID-19 situation has prolonged for over two months, we prepared this donation to overcome the current crisis together with franchise owners and practice win-win management. The funds will be used to provide masks, which are the most essential items for frontline store operations such as personal health, hygiene, and customer service." The distributed masks will be worn by franchise owners and mates during work to prevent the spread of COVID-19 and ensure safe store operations.
Meanwhile, since the end of February, Seven Eleven has been continuously carrying out win-win activities to support franchise stores affected by COVID-19.
Last month, the Seven Eleven retirees’ group called 'Sesamo (Seven Eleven Lovers Association)' and current executives voluntarily raised funds to provide over 2,600 masks to about 520 franchise stores in the Daegu and Gyeongbuk regions. The Seven Eleven Franchise Owners Association also prepared about 4,700 masks together with employees last month to support and encourage franchise owners in Daegu, delivering them to all Seven Eleven stores in the Daegu area.
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Seven Eleven is also operating COVID-19 support programs for win-win cooperation with franchise stores. The headquarters fully covers disinfection costs for stores visited by confirmed cases, supports 100% disposal of food products for stores temporarily closed due to COVID-19, and allows flexible operating hours or temporary closure upon franchise owner requests. Additionally, a 100 billion KRW scale franchise win-win fund (with Woori Bank) has been established to support franchise owners.
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