No 7-Eleven

Resisting Chain Stores and Corporate Control


7-Eleven’s Corporate Manifest Destiny

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BuzzFeed takes an exhaustive look at 7-Eleven’s corporate manifest destiny in action with their recent post 60 Photos Showing How 7-Eleven Has Rapidly Taken Over New York City – They’re Everywhere.

Some quick stats from the post:

There are 35 7-Elevens currently open in Manhattan.
30 of those have opened in the past 7 years.
23 have opened in the past 5 years.
And 12 have opened in the past 2 years.

7-Eleven has an additional 100 locations planned by 2017. After 7-Eleven opened next door to Kyung’s Gourmet Foods in Chelsea, shown above, they closed. After 7-Eleven opened next door to Gramercy Corner in Gramercy, also shown above, they closed too. You can see where this is going.

60 Photos Showing How 7-Eleven Has Rapidly Taken Over New York City [BuzzFeed]
How 7-Eleven plans to put the bodega out of business [New York Magazine]


Fast-Food CEOs Earn Supersize Salaries; Workers Earn Small Potatoes

Fast Food Fat CatsVia NPR

At a time when fast-food workers make an average of about $9 an hour, what are the chief executives bringing home?

According to a new report, YUM! (owner of KFC, Taco Bell and Pizza Hut) compensated its CEO $22 million in 2013.

Chipotle’s CEO took home $13.8 million in total compensation. And McDonald’s CEO compensation totaled $7.7 million. (Compensation includes salary, bonus and the value of exercised options.)

Overall, the average compensation of fast-food CEOs has quadrupled since 2000. The figures in the report are based on data from Standard & Poor’s ExecuComp database and company proxy statements.

The report, by the public policy group Demos, concludes the fast-food industry has the most extreme pay disparity of all the sectors in the U.S. economy, with a CEO-to-worker pay ratio now exceeding 1,000 to 1.

By comparison, the ratio in the retail sector is about 304 to 1, meaning the CEOs in this sector make about 304 times the income of the average worker. And construction company CEOs make about 93 times that of the average worker.

In the years since the recession ended, “fast food firms have exhibited spectacular growth in CEO compensation, while wages for their front-line workforce actually declined,” the report concludes.

“Rising pay inequality has dire consequences for workers in New York City and beyond,” said Scott Stringer, the New York City comptroller who joined a conference call to release the findings. “I am also concerned with the impact of pay disparity on the city’s pension funds, which have long recognized that excessive pay disparities pose a risk to share owner value.”

Continue reading Fast-Food CEOs Earn Supersize Salaries; Workers Earn Small Potatoes [NPR]


Gale Brewer and the Battle Against 7-Eleven

Gale Brewer - 7-ElevenVia Commercial Observer

With a keen eye on preservation, Manhattan’s 27th Beep hopes to synchronize vanity addresses, gain a consensus at Madison Square Garden and introduce mapping at the community boards.

Gale Brewer has lived on the Upper West Side since 1970. She served as the area’s City Council member for 12 years, concluding at the end of 2013, before starting as the 27th Manhattan borough president. Ms. Brewer, who plans to open a ground-floor district office on West 125th Street, joined with city preservationists earlier this month to call for reforms to the landmarking process following the Landmarks Preservation Commission’s refusal to consider landmark status for the Rizzoli Bookstore building at 31 West 57th Street. As Manhattan Beep, Ms. Brewer is tasked with advising the mayor and City Council on borough concerns, providing feedback on all land-use matters, advocating for New York County in the municipal budget process and appointing members of the 12 community boards. Ms. Brewer successfully advocated for the passage of legislation while in the City Council that would compel landlords to fix repeat violations as well as a law that requires all city data be published online. In February, Commercial Observer chatted with Ms. Brewer in her office at 1 Centre Street about adjusting to her new position, her beef with 7-Elevens and the easiest and most challenging developers to work with.

Continue reading Gale Brewer and the Battle Against 7-Eleven [Commercial Observer]


Starbucks to Replace Priced-Out Local Business

280-starbucksAnother Starbucks is slated for the West Village, this one at the former location of Bleeker Street Records which was forced out of their home at 239 Bleeker Street by a rent hike to $27,000. A spokesperson for the chain confirmed the new location will open this summer. Starbucks currently has more than 280 locations in the city.

Starbucks Will Open in Original Bleecker Street Records Location [Grub Street]


Local Coffee Shop Ousts Starbucks in Grand Central

Cafe Grumpy

Via CNN Money

Score one for the small guy.

A local New York coffee shop is set to replace one of the Starbucks in Manhattan’s Grand Central Terminal.

In May, Cafe Grumpy will replace the Starbucks (SBUX, Fortune 500) on the east side of the historic railway terminal, according to a spokesman for the Metropolitan Transportation Authority.

Starbucks’ lease was up, and the MTA prohibited chain stores from bidding on the new lease.

“It’s part of our effort to keep the space unique,” said the spokesman. Already, most of the 100 retail spaces in the terminal are local businesses, he said.

Terms of the lease were not immediately available.

Starbucks confirmed the move. Caroline Bell, the owner of Grumpy, said “this is a huge and exciting endeavor for us as an independent business.”

Grumpy serves as the place of employment for the main character in HBO’s popular series Girls. The coffee shop has a location in Brooklyn’s trendy Greenpoint neighborhood, as well as four other spots around the city.

Those needing a Starbucks fix inside Grand Central need not worry — the Seattle coffee chain still has another shop on the terminal’s west side.

Local coffee shop ousts Starbucks in Grand Central [CNN Money]