7-Eleven is closing hundreds of stores: List of doomed retail locations grows in 2026 as chain seeks to reduce costs |
7-Eleven is closing hundreds of stores: List of doomed retail locations grows in 2026 as chain seeks to reduce costs
Japan-based Seven & i Holdings, which owns the convenience store brand, recently delayed an IPO of its North American unit. Here’s the latest.
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Seven & i Holdings, the Japan-based owner of 7-Eleven, has announced that it plans to close hundreds of stores in North America over the next year.
The store closures are an attempt to reduce costs and increase profitability for the chain of convenience stores ahead of a U.S. initial public offering for its North American unit, which was recently delayed. Here’s what you need to know.
645 store closures in North America
Tucked away in Seven & i Holdings’ brief summary for its fiscal year 2025 last week was news that the company plans to close more than 1,000 locations in its fiscal year 2026, which runs from March 1, 2026, to February 28, 2027.
According ot the document, Seven & i Holdings plans to shutter 645 locations in North America.
During the same period, 205 new 7-Eleven locations are set to open, meaning a net loss of 440 of the beloved convenience stores is expected.
For context, 645 closures represent about a 5% reduction in the company’s current footprint of 12,272 North American locations.
However, it should be noted that Seven & i Holdings says some of the closing locations won’t be shuttered entirely.
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