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DALLAS -- 7-Eleven Inc. reached an agreement with The Nexxus Group to implement the company's scan-based trading (SBT) process to handle payments with the retailer's newspaper distributors.
"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 Inc.'s vice president of innovation.
Under the pact, the Dallas-based convenience store chain will use The Nexxus Group's proprietary SBT program to manage the newspaper category invoices for its more than 7,800 convenience stores across the United States. The program takes effect July 5.
"We believe our SBT program will bring significant efficiencies to 7-Eleven's newspaper category management," noted Nexxus CEO Mark Landgren.
7-Eleven operates, franchises or licenses more than 10,300 7-Eleven stores in North America. Globally, there are some 53,000 7-Eleven stores in 16 countries. During 2012, 7-Eleven stores generated total worldwide sales close to $84.8 billion.
The Nexxus Group, based in Danvers, Mass., provides a full-service SBT solution at more than 45,000 locations for 85 retailers in the U.S., Canada and Puerto Rico. Its customers include market leaders in the convenience, grocery, mass merchandise, discount and specialty retail channels.