economy
7-Eleven plans to close 645 stores in North America this year
Updated on: April 14, 2026 / 10:12 PM EDT / CBS/AP
TL;DR
- 7-Eleven will close 645 stores in North America in fiscal year 2026.
- Some closures will involve conversion to wholesale fuel stores.
- The company plans to open 205 new stores during the same period.
- Closures are attributed to underperforming locations, slowing sales, less foot traffic, and inflation.
- Global economic pressures, including soaring gas prices due to the U.S. and Israel's war against Iran, contribute to the challenges.
- Personal consumption in North America has softened, especially for low-income households.
- Subsidiaries outside North America are expected to open more stores than they close.
- Seven & i expects its revenue to fall 9.4% for the current fiscal year.
- The company is investing in fresh food offerings and its '7NOW' delivery service as part of a transformation plan.
- Stephen Hayes Dacus became Seven & i's CEO last spring.