7-Eleven to Close Hundreds of North American Stores Amid Economic Pressure
Convenience store giant 7-Eleven plans to close 645 locations in North America during the 2026 fiscal year, significantly outpacing the 205 new stores it intends to open. According to earnings filings from its Japan-based parent company, Seven & i Holdings, these closures include conversions to wholesale fuel stores, a segment that has grown to over 900 locations. The decision comes as the company faces challenging economic conditions, including stubborn inflation and soaring gas prices exacerbated by the ongoing conflict between the U.S., Israel, and Iran. Seven & i reported that personal consumption has softened, particularly among low-income households, leading to a projected 9.4% decline in revenue for the current fiscal year. While North American operations contract, international subsidiaries like Seven-Eleven Japan continue to expand, with openings exceeding closures. Under new CEO Stephen Hayes Dacus, the company is pursuing a transformation strategy focused on fresh food offerings and expanding its 7NOW delivery service to drive future growth despite the current market headwinds.
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7-Eleven to Close Hundreds of North American Stores Amid Economic Pressure
Convenience store giant 7-Eleven plans to close 645 locations in North America during the 2026 fiscal year, significantly outpacing the 205 new stores it intends to open. According to earnings filings from its Japan-based parent company, Seven & i Holdings, these closures include conversions to wholesale fuel stores, a segment that has grown to over 900 locations. The decision comes as the company faces challenging economic conditions, including stubborn inflation and soaring gas prices exacerbated by the ongoing conflict between the U.S., Israel, and Iran. Seven & i reported that personal consumption has softened, particularly among low-income households, leading to a projected 9.4% decline in revenue for the current fiscal year. While North American operations contract, international subsidiaries like Seven-Eleven Japan continue to expand, with openings exceeding closures. Under new CEO Stephen Hayes Dacus, the company is pursuing a transformation strategy focused on fresh food offerings and expanding its 7NOW delivery service to drive future growth despite the current market headwinds.
latimes