📺 Stream EntrepreneurTV for Free 📺

Pushing Ahead With Classy Makeover, 7-Eleven Sells Fine Wine A month after introducing healthier snacks to its stores, 7-Eleven has added pricey wines to its shelves in the hopes of attracting a younger crowd.

By Kate Taylor

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

someordinarygamers.wikia.com

Slide over, Slurpee. Convenience franchise 7-Eleven has added premium wines to store shelves in its latest move to appeal to a younger crowd.

7-Eleven has, for awhile, sold wines priced at less than $5 a bottle. However, now the franchise is now adding selections priced at about $20. Almost 700 7-Eleven stores are stocking the wine across 16 states.

The chain will also offer wines priced from $20 to $55 in 300 stores during the holiday months of November and December.

"Even in a tight economy, people are splurging on higher quality wine or craft beer to treat themselves," said Alan Beach, a 7-Eleven vice president of merchandising, in a statement earlier today. "We have seen strong customer response to our offers of premium and super-premium wine in our stores."

Related: How the Franchise industry Tapped Into the Craft Beer Trend

The convenience chain has apparently been convinced to up their wine supply by baby boomers and millennials. According to a 2012 report by the Wine Market Council, the U.S. is the top wine consuming country with an estimated 100 million wine drinkers. Millennials drink more than their share compared to other age groups, as a glass of wine has become a standard part of weeknight dinners as much as traditional weekend get-togethers.

This is not the first time that 7-Eleven has looked to expand beyond Slurpees and hot dogs. Last month, the store announced plans to add healthier snacks such as dry roasted edamame and veggie chips to its product offerings.

Keeping with the chain's updates, a New York City location recently revealed a new, modernized logo and a more spacious, bright interior. However, a spokesperson for 7-Eleven reports the "location in Manhattan is neither a prototype or a promise."

The chain has thus far maintained that changes have been driven by the demands of consumers, not efforts to give 7-Eleven a makeover. However, with healthy snacks and pricey wine, 7-Eleven seems to be looking to refresh its reputation. The question remains – will the gamble of reinvention pay off?

Related: Coming to 7-Eleven: Dry Roasted Edamame, Other Healthy Snacks

Kate Taylor

Reporter

Kate Taylor is a reporter at Business Insider. She was previously a reporter at Entrepreneur. Get in touch with tips and feedback on Twitter at @Kate_H_Taylor. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Passengers Are Now Entitled to a Full Cash Refund for Canceled Flights, 'Significant' Delays

The U.S. Department of Transportation announced new rules for commercial passengers on Wednesday.

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Franchise

Franchising Is Not For Everyone. Explore These Lucrative Alternatives to Expand Your Business.

Not every business can be franchised, nor should it. While franchising can be the right growth vehicle for someone with an established brand and proven concept that's ripe for growth, there are other options available for business owners.

Leadership

Why Companies Should Prioritize Emotional Intelligence Training Alongside AI Implementation

Emotional intelligence is just as important as artificial intelligence, and we need it now more than ever.