7-Eleven Details Plans to Close 645 Stores Across US

Closing Unprofitable Stores and Converting Sites

The company plans to shut down 200 unprofitable 7-Eleven locations before the end of fiscal year 2026. Records show that 45 of these targeted stores have already been closed. This move directly addresses falling consumer traffic across North American locations.

In addition to outright closures, the Retail giant will convert 350 convenience stores into wholesale fuel sites. Seventy-two locations have already undergone this transition during the first quarter of the year. The strategy aims to make the remaining network more cost-effective.

Shifting Focus to Franchises and Remodeling

Seven & i Holdings wants to convert 390 corporate-owned stores into franchise operations. The company has successfully transitioned 43 stores to franchise models so far. This shift is designed to reduce direct operating costs while maintaining brand presence.

The Corporate Restructuring also includes a plan to remodel 200 existing stores in the second half of the fiscal year. Despite the heavy cuts, the company still plans to open 205 new stores in select locations. Thirty new stores opened their doors during the first quarter.

Declining Store Count and Traffic Troubles

The Retail adjustments will reduce the total number of US 7-Eleven locations from 12,712 down to 12,272 by the end of the year. This represents a net decrease of 440 physical stores. The company reported a much higher count of 13,145 stores in late 2024.

Company data indicates that the North American division has struggled with softer performance. Executives pointed to a consistent drop in customer foot traffic as the primary driver behind the optimization plans. The company has not yet released the specific list of locations that will close.