7-Eleven expects to close hundreds of its stores in North America this year
ABC7 Los Angeles • • business
Key Points:
- 7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year, exceeding the 205 locations it expects to open during the same period, with some closures involving conversions to wholesale fuel stores.
- The company has been steadily expanding its wholesale fuel store presence in North America, reaching over 900 locations by December 2025, while continuing to close underperforming stores amid economic challenges.
- Rising inflation and geopolitical tensions, including the U.S. and Israel's conflict with Iran, have contributed to higher consumer prices and softened spending, particularly among low-income households.
- Globally, Seven & i Holdings expects net store openings outside North America to surpass closures, with Japan projected to open 550 stores while closing 350, despite an anticipated 9.4% revenue decline for the fiscal year.
- Under new CEO Stephen Hayes Dacus, Seven & i is pursuing a transformation plan focused on expanding fresh food offerings and its "7NOW" delivery service to drive growth amid a challenging retail environment.
