7-11 Is Deep-Sixing Hundreds Of North American Stores

Don’t tell Beyoncé, but her favorite convenience chain is having issues.

7-Eleven plans to close more than 400 “underperforming” locations across North America, its Japanese-based parent said Thursday.

The affected stores in the U.S. and Canada are experiencing slowing sales, less foot traffic, and inflationary pressures, Seven & I Holdings stated in a quarterly earnings report. As a result, the company plans to close 444 locations, or roughly 3%, of its North American stores.

It also operates more than 21,000 stores in Japan.

The downward trend in cigarette purchases is being blamed.

“The North American economy remained robust overall thanks to the consumption of high-income earners, despite a persistently inflationary, elevated interest rate and deteriorating employment environment,” Seven & I said in a release. “There was a more prudent approach to consumption, particularly among middle- and low-income earners.”

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