7-Eleven has announced the closure of 444 stores across North America, citing economic challenges and changing consumer habits as key reasons for the decision. The closures represent roughly 3% of the convenience store chain’s total footprint in the region.
Economic Pressures Impacting Operations
According to 7-Eleven’s parent company, Seven & I Holdings, the closures come as the chain grapples with declining sales, inflation, and reduced consumer traffic. The economic environment, characterized by elevated interest rates and a cautious spending approach from middle- and low-income earners, has significantly affected store performance. High-income earners, while still driving some consumption, have not been enough to offset these broader challenges.
Decrease in Cigarette Sales
One significant factor contributing to the closures is the decline in cigarette sales, a category that historically played a major role in the chain’s revenue. Cigarette purchases have dropped by 26% since 2019, and the shift to other nicotine products has not compensated for this decrease.
Focus Shifts to Food Offerings
Despite the closures, 7-Eleven plans to invest in its food business in the U.S., which has become its highest-selling category. To attract customers, the company is also introducing popular international items, including milk bread egg sandwiches and miso ramen.
No List of Affected Stores Released
While the company confirmed the closures, a detailed list of impacted locations has not been disclosed. The chain operates around 13,000 stores in the U.S. and Canada and over 21,000 in Japan, making these closures a small yet significant part of its overall network.
