7-Eleven Is Closing More Than 400 Stores by the End of 2024
7-Eleven — like many restaurant chains — is also feeling the pinch from inflation, with sales slipping and store traffic dipping 7.3% in August 2024. In response, the company lowered its U.S. profit forecast and announced closures aimed at improving operating income by $30 million this year and adding $110 million to its annual run rate.
Eleven will close 444 stores across North America, representing about 3% of its more than 13,000 locations in the U.S. and ...
The ubiquitous convenience store owed its recent revenue drops to inflation, declining cigarette sales and a shift in palates ...
Seven & I Holdings, 7-Eleven’s Japan-based parent company ... The chain also has over 21,000 shops in Japan. “The North American economy remained robust overall thanks to the consumption ...
Convenience-store giant is working to improve profits as it contends with falling traffic and a takeover bid by the parent of ...
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