7-Eleven to close over 400 ‘underperforming’ locations in North America
The company cited slow sales, declining traffic, inflationary pressures, and a decrease in cigarette purchases among the reasons why some stores are closing.
7-Eleven shutting down nearly 450 underperforming stores across North America
Eleven stores across North America are closing for underperforming, according to the company.Seven & I Holdings, 7-Eleven’s Japan-based parent company, announced in an earnings report Thursday that 444 7-Eleven stores are closing because of a dip in sales,
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7-Eleven to close over 400 stores in North America
The ubiquitous convenience store owed its recent revenue drops to inflation, declining cigarette sales and a shift in palates toward fresh food and specialty drinks.
More than 400 7-Eleven US stores to close by end of the year
Eleven will be closing more than 400 underperforming stores in the U.S., its parent company said. The 444 stores to close are among 13,000 stores the convenience chain has in the U.S. and Canada. A list of stores to close was not released by the company,
7-Eleven will close more than 400 stores as the list of struggling retailers grows
The move comes as the convenience store’s parent company tries to stave off a takeover bid from the owner of competing chain Circle K. 7-Eleven is closing 444 of its “underperforming” convenience-store locations across North America,
7-Eleven is closing more than 400 locations
Officials said 444 locations of 7-Eleven are shutting down because of a variety of issues, including slowing sales, declining traffic, inflationary pressures and a decrease in cigarette purchases.
7-Eleven Announces Closure of 444 Stores in North America
Eleven is closing 444 underperforming stores across North America to boost profitability amid declining foot traffic and a takeover bid from the parent company of rival convenience store chain Circle K.
Seven & I Holdings to close 444 7-Eleven stores amid declining sales
In a strategic move, Seven & I Holdings, the parent company of 7-Eleven, has announced the closure of 444 stores across North America. This decision comes in response to declining sales, particularly in the cigarette category,
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