7-Eleven details plans to close 645 stores

The parent company of 7-Eleven convenience stores shed more light on its
plan to close hundreds of stores in the U.S. this year. 

Parent company Seven & i Holdings indicated in a filing earlier this
year that it planned to close 645 7-Eleven stores in the company's
fiscal year 2026. 

Seven & i Holdings' latest quarterly earnings report included a
presentation about the company's various initiatives, including the
restructuring of its store network amid the closure plans as well as
conversion, remodels and new openings. 

It said that it plans to close 200 unprofitable 7-Eleven stores in
fiscal year 2026, with 45 stores closed to date. 

POPULAR CONVENIENCE STORE CHAIN TO CLOSE HUNDREDS OF STORES

The company also said that it plans to convert 350 of its convenience
stores to wholesale fuel sites in the fiscal year, with 72 stores having
been converted as of the first quarter. 

Seven & i Holdings is planning to convert 390 stores to franchises this
fiscal year and has done 43 to date. 

Despite the company's pullback, it's also pursuing selective expansion
and is planning to open 205 stores this year. The presentation noted it
had opened 30 to date in the first quarter. 

CONSUMER INFLATION COOLED MORE THAN EXPECTED IN JUNE AS GAS PRICES FELL

Seven & i Holdings' plans to remodel 200 stores this fiscal year are
expected to get underway in the second half of the fiscal year. 

Overall, the plans outlined by the company earlier this year show the
total number of 7-Eleven stores in the U.S. declining from 12,712 as of
February to 12,272 at the end of the year, for a net decrease of 440
stores. 

In late 2024, the company reported having 13,145 7-Eleven locations.

WHITE HOUSE, GAS STATIONS POINT FINGERS OVER STUBBORN PRICES WHILE
LOCATIONS THAT SLASHED PRICES SEE BOOM 

https://www.foxbusiness.com/retail/7-eleven-details-plans-close-645-store
s