Reported about 8 hours ago
7-Eleven is set to close 444 locations across North America due to slowing sales, declining foot traffic, and inflationary pressures, according to its parent company Seven & I Holdings. This decision reflects a strategic pruning aimed at maintaining efficiency and profitability amidst a challenging economic environment, where consumer spending habits are changing. While cigarettes sales have dropped significantly, 7-Eleven plans to focus on food offerings, which has become its highest sales category.
Source: YAHOO