7-Eleven plans to close 645 stores during 2026 fiscal year
The 7-Eleven logo is displayed on a sign outside of a convenience store in Torrance, California on October 14, 2024. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)
The parent company of 7-Eleven intends to shut down hundreds of its North American locations over the coming months.
What we know:
A recent filing showed the company intends to shutter 645 stores during its 2026 fiscal year, which began in March. The total number of coming closures includes stores that will be converted into wholesale fuel stores, which 7-Eleven excludes from its count of convenience stores.
What we don't know:
While the report showed the total number of stores that will be closed, it does not say which ones.
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The other side:
Even with looming closures, 7-Eleven is still looking at some opportunities to expand. The company plans to add 205 convenience stores by the end of next February.
By the numbers:
The latest projections follow two previous years of negative growth in North America. The company’s numbers show there were more than 13,000 7-Eleven convenience stores across North America in the spring of 2024. By next March, that total is expected to have declined to 12,272.
Dig deeper:
The Wall Street Journal reported Thursday that, in addition to the closures, Seven & i Holdings revealed it would delay the planned initial public offering for 7-Eleven’s North American chain until the next fiscal year. Originally, it forecasted taking the business public by the end of this year.
The Source: Information for this article was taken from Seven & i Holdings FY2025 summary and the Wall Street Journal. This story was reported from Orlando.