7-Eleven closing nearly 450 underperforming stores
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, particularly cigarette
7-Eleven is closing more than 400 locations
Several hundred “underperforming” 7-Eleven locations across North America are closing, the convenience store announced.
More than 400 7-Eleven stores are closing down across North America: report
A total of 444 7-Eleven stores are being shut down across North America due to underperforming, the company announced. 7-Eleven’s Japan-based parent company, Seven & I Holdings, announced in an earnings report on Thursday that a decrease in sales, inflation and smaller traffic have impacted this decision.
More than 400 7-Eleven US stores to close by end of the year
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, which announced the plan to shutter the stores during its most recent earnings call late last week. The closures are expected to happen in the fourth quarter of this year.
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 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.
7-Eleven shutting down nearly 450 underperforming stores across North America
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, particularly cigarette sales, as well as decreased traffic and inflation.
7-Eleven Shuts Down Over 400 Stores Across North America Amid Rising Costs and Shifting Consumer Trends!
In a bold move to adapt to a changing market, 7-Eleven is set to close 444 stores across North America, marking one of the largest restructures in the iconic convenience chain’s history. Announced by parent company Seven & I Holdings,
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7-Eleven to close more than 400 ‘underperforming’ stores. Here’s what we know.
The convenience retailer, which has 8 locations on Staten Island, has been hit hard by declining cigarette sales.
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