7-Eleven plans to close 645 stores in North America this year

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.

Continuer la lecture de l'article original