{"id":113305,"date":"2024-10-12T13:08:52","date_gmt":"2024-10-12T06:08:52","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=113305"},"modified":"2024-10-12T13:08:52","modified_gmt":"2024-10-12T06:08:52","slug":"7-eleven-shutting-down-nearly-450-stores-across-north-america-for-underperforming","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=113305","title":{"rendered":"7-Eleven shutting down nearly 450 stores across North America for underperforming"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div><!----> <!----> <\/p>\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Check out what&#8217;s clicking on FoxBusiness.com.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Nearly 450 7-Eleven stores across North America are closing for underperforming, according to the company.<\/p>\n<p>Seven &amp; I Holdings, 7-Eleven\u2019s Japan-based parent company, announced in an earnings report Thursday that 444 7-Eleven stores are closing because of a <a href=\"https:\/\/www.foxbusiness.com\/category\/economy\" target=\"_blank\" rel=\"noopener\">dip in sales<\/a>, particularly cigarette sales, as well as decreased traffic and inflation.<\/p>\n<p>A list of which stores will be closing was not released.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/lifestyle\/more-than-2m-infant-swings-recalled-after-5-deaths\" target=\"_blank\" rel=\"noopener\"><strong>MORE THAN 2M INFANT SWINGS RECALLED AFTER 5 DEATHS<\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/343\/192\/711.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/686\/384\/711.png?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/672\/378\/711.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1344\/756\/711.png?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/711.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1862\/1046\/711.png?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/720\/405\/711.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1440\/810\/711.png?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/711.png?ve=1&amp;tl=1\" alt=\"7-Eleven store\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>7-Eleven store<\/span><span> (Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>7-Eleven has 13,000 stores across the U.S. and Canada, which means the closures would only impact 3% of the company\u2019s portfolio.<\/p>\n<p>The <a href=\"https:\/\/www.foxbusiness.com\/category\/retail\" target=\"_blank\" rel=\"noopener\">convenience store chain<\/a> has faced six consecutive months of traffic declines, including a 7.3% dip in August.<\/p>\n<p>&#8220;The North American economy remained robust overall thanks to the consumption of high-income earners, despite a persistently inflationary, elevated interest rate and deteriorating employment environment,&#8221; Seven &amp; I Holdings said in an earnings release. &#8220;In this context, there was a more prudent approach to consumption, particularly among middle- and low-income earners.&#8221;<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/343\/192\/7i.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/686\/384\/7i.png?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/672\/378\/7i.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1344\/756\/7i.png?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/7i.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1862\/1046\/7i.png?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/720\/405\/7i.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1440\/810\/7i.png?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/7i.png?ve=1&amp;tl=1\" alt=\"Seven &amp; I Holdings\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Seven &amp; I Holdings<\/span><span> (Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>The chain highlighted that cigarette sales, once the largest <a href=\"https:\/\/www.foxbusiness.com\/category\/money\" target=\"_blank\" rel=\"noopener\">sales category<\/a> for convenience stores, have fallen 26% since 2019 and that a shift in sales to other nicotine products has failed to make much of a difference.<\/p>\n<p>The company said it will transform its stores to be centered around food, which is now the highest-selling category.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/lifestyle\/sams-club-sees-boost-premium-memberships-keys-tech-innovation\" target=\"_blank\" rel=\"noopener\"><strong>SAM&#8217;S CLUB SEES \u00a0BOOST IN PREMIUM MEMBERSHIPS AS IT KEYS IN ON TECH INNOVATION<\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/343\/192\/7.11.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/686\/384\/7.11.png?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/672\/378\/7.11.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1344\/756\/7.11.png?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/7.11.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1862\/1046\/7.11.png?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/720\/405\/7.11.png?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1440\/810\/7.11.png?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/7.11.png?ve=1&amp;tl=1\" alt=\"7-Eleven\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>7-Eleven<\/span><span> (Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n<p>Seven &amp; I Holdings strives to be &#8220;a world-class retail group centered around its food that leads retail innovation through global growth strategies centered on the 7-Eleven business and proactive utilization of technology,&#8221; the company said.<\/p>\n<p>In July, the convenience store chain said it would also sell popular international food items, including milk, bread, egg sandwiches and miso ramen, at its U.S. stores.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.foxbusiness.com\/economy\/7-eleven-shutting-nearly-450-underperforming-stores-north-america\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out what&#8217;s clicking on FoxBusiness.com. Nearly 450 7-Eleven stores across North America are closing for underperforming, according to the company. Seven &amp; I Holdings, 7-Eleven\u2019s Japan-based parent company, announced &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=113305\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-113305","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113305"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113305\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}