Former CEO of 7-Eleven and Blockbuster at 7-Eleven
7-Eleven started in 1927 as Southland Ice Company, selling blocks of ice to keep people's iceboxes cold. But with the invention of refrigeration, they saw that their core business was no longer needed. So, they started selling bread, milk, and other goods instead, which led them to become a convenience store.
This answer is part of a full interview with Jim Keyes, Former CEO of 7-Eleven and Blockbuster at 7-Eleven.
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