7-Eleven closing stores will total 645 across North America in the current fiscal year.
According to Seven & i Holdings' April 9 earnings documents, 7-Eleven, Inc. expects to close 645 retail locations while opening 205, producing a net loss of 440 stores.
The parent company said some locations will be converted to wholesale fuel stores, a format that supplies fuel but is kept separate from the official retail store count.
Seven & i also said this would mark the fifth consecutive fiscal year in which the chain closed more stores than it opened, and the company did not release a list of planned closures.
The chain has already reduced its footprint in recent years, closing 373 North American stores in fiscal 2025 and 474 the year before, the company’s documents show.
Strategy Shift And Industry Context
Seven & i said it plans to invest heavily in a new-format store model featuring larger footprints, expanded food menus, seating areas, and fuel stations in many locations.
The chain has set a goal of opening 1,300 new-format North American stores by 2030, as outlined in company materials tied to the earnings release.
Analysts and industry reports say the move responds to changing consumer demand for higher-margin prepared foods, and Convenience Store Dive reported the cuts form part of financial cleanup ahead of a planned initial public offering.
Media reports said Seven & i has pushed back a planned stock market debut until at least 2027, and TheStreet noted the company is moving away from smaller, traditional shops.
Industry data cited in coverage includes NIQ’s 2024 State of Convenience report and the NACS 2023 State of the Industry Report, which showed growth in prepared food sales and consumer interest in expanded food offerings.
On a recent podcast, eMarketer senior retail analyst Blake Doersch described the company’s direction as moving toward a hybrid model blending elements of convenience stores, grocery and fast food.
Reporting also noted past actions, including a 2024 announcement to shutter 444 underperforming stores, with 227 closures completed that year and the remainder phased out through 2025, as reported by OPB.org.
