7-Eleven shutting down nearly 450 underperforming stores across North America

Published On Oct 12, 2024, 12:51 AM

7-Eleven's parent company, Seven & I Holdings, announced the closure of nearly 450 underperforming stores across North America due to declining sales, particularly in cigarette sales and overall customer traffic. The decision represents about 3% of the chain's total 13,000 stores in the U.S. and Canada. The closures are a response to six consecutive months of traffic declines and changing consumer habits amidst inflation. The company plans to focus more on food sales, which have become the highest-selling category, and aims to rebrand its stores accordingly.