7 - Eleven to shut hundreds of stores across the US [View all]
7-Eleven is changing the way it operates in the United States, with plans to remove 645 locations from its company store count while investing in food, franchising, and redesigned retail formats. The move is part of a broader transformation announced by parent company Seven & i Holdings, which aims to modernize thousands of stores by 2030.
Rather than simply reducing its footprint, the company is adjusting how locations operate and shifting resources toward stores designed around prepared food and customer experience. The retailer plans to remodel more than 7,000 stores by 2030 as it attempts to expand beyond its traditional image as a quick stop for fuel, snacks, and convenience items.
Store Closures are Part of a Larger Network Transformation
According toThe Street, the announced reduction of 645 locations does not represent a single type of closure. According to 7-Eleven’s first-quarter earnings presentation, some locations will permanently close, while others will move into different operating models.
The company plans to close underperforming stores, convert some company-operated locations into franchise businesses, and transfer others into wholesale operations. Wholesale locations allow outside operators to run stores supplied by 7-Eleven, including fuel operations, while having more flexibility in merchandising and product selection.
https://www.msn.com/en-us/money/general/major-99-year-old-retail-chain-to-shut-hundreds-of-stores-across-the-us/ar-AA283BNd
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