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Convenience-store chain 7-Eleven is closing hundreds of "underperforming" stores in North America, its Japanese-owner said. ... The company plans to close 444 locations, or roughly 3%, of its ...
7-Eleven President and CEO Joe DePinto announced during a Thursday, Oct. 10 earnings call that the company will shut down 444 “underperforming stores,” according to the Seeking Alpha Oct. 11 ...
Several hundred “underperforming” 7-Eleven locations across North America are closing, the convenience store announced. Seven & I Holdings, the chain’s Japan-based parent company, revealed ...
7-Eleven closed 444 stores in 2024, indicating that the decline in business was due to slower foot traffic as consumers skipped on discretionary purchases. [3]99 Cents Only Stores announced on April 4, 2024 that its 371 locations in the Western United States would begin to close.
Why Is 7-Eleven Closing Stores Now? 7-Eleven — like many restaurant chains — is also feeling the pinch from inflation, with sales slipping and store traffic dipping 7.3% in August 2024. In ...
In Mexico, the first 7-Eleven store opened in 1976 in Monterrey in association with Grupo Chapa (now Iconn) and 7-Eleven, Inc. under the name Super 7. In 1995, Super 7 was renamed to 7-Eleven, which now has 1,835 stores in several areas of the country, making it the second-largest convenience store chain in the country, between Oxxo and Circle K.
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
A specific list of stores slated for closure wasn’t released. 7-Eleven has 13,000 locations across the U.S. and Canada, meaning the closures would only impact 3% of the company’s portfolio ...