7-Eleven shutting down nearly 450 underperforming stores across North America

[mystery-ak]

 Published October 12, 2024 12:51am EDT
7-Eleven shutting down nearly 450 underperforming stores across North America
A list of which stores will be closing was not released

By Landon Mion FOXBusiness


Nearly 450 7-Eleven stores across North America are closing for underperforming, according to the company.

Seven & I Holdings, 7-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.

A list of which stores will be closing was not released.

7-Eleven has 13,000 stores across the U.S. and Canada, which means the closures would only impact 3% of the company’s portfolio.

The convenience store chain has faced six consecutive months of traffic declines, including a 7.3% dip in August.

"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 Holdings said in an earnings release. "In this context, there was a more prudent approach to consumption, particularly among middle- and low-income earners."

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https://www.foxbusiness.com/economy/7-eleven-shutting-nearly-450-underperforming-stores-north-america

[Smokin Joe]

Want to bet these stores are in areas where stores get 'mob looted' or suffer outrageous theft problems? That implies certain neighborhoods and demographics,which may or may not be the problem in every case.

[Wingnut]

Want to bet these stores are in areas where stores get 'mob looted' or suffer outrageous theft problems? That implies certain neighborhoods and demographics,which may or may not be the problem in every case.

Underpreforming....  code for they are stealing us blind

[mountaineer]

Want to bet these stores are in areas where stores get 'mob looted' or suffer outrageous theft problems? That implies certain neighborhoods and demographics,which may or may not be the problem in every case.

The black community is shocked over the announcement that 7-11 is closing 400 stores in predominately black areas.

"The move to close stores in Black communities is Jim Crow racism, and we won't stand for it", said Jamarius Washington, a Houston, Texas native.   ...

https://twitter.com/UltraDane/status/1847017160079823022

[Kamaji]

The black community is shocked over the announcement that 7-11 is closing 400 stores in predominately black areas.

"The move to close stores in Black communities is Jim Crow racism, and we won't stand for it", said Jamarius Washington, a Houston, Texas native.   ...

https://twitter.com/UltraDane/status/1847017160079823022

how stereotypically racist of Mr. Washington.

[Cyber Liberty]

I stopped at a 7-11 once for cigarettes and they were the most expensive place to buy them.  I turned around and went to Circle K.

[libertybele]

I stopped at a 7-11 once for cigarettes and they were the most expensive place to buy them.  I turned around and went to Circle K.

Well, there is one 7-11 gas station that people now avoid because they have had water in their gas.

There's a Daybreak 76 station down the street that's a bit cheaper and a whole lot nicer on the inside.

[GtHawk]

how stereotypically racist of Mr. Washington.

Maybe Jamarius should buy one of those locations and operate a 7-11 clone store, then he can prove how it’s all about racism and not running a profitable business.

[Kamaji]

Maybe Jamarius should buy one of those locations and operate a 7-11 clone store, then he can prove how it’s all about racism and not running a profitable business.