{"id":113563,"date":"2024-10-13T05:24:58","date_gmt":"2024-10-12T22:24:58","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=113563"},"modified":"2024-10-13T05:24:58","modified_gmt":"2024-10-12T22:24:58","slug":"7-eleven-to-close-over-400-stores-in-north-america-npr","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=113563","title":{"rendered":"7-Eleven to close over 400 stores in North America : NPR"},"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 id=\"storytext\">\n<div id=\"resg-s1-28038\" class=\"bucketwrap image large\">\n<div class=\"imagewrap has-source-dimensions\" data-crop-type=\"\" style=\"&#10;        --source-width: 594;&#10;        --source-height: 396;&#10;    \">\n        <picture><source srcset=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/594x396+0+0\/resize\/1100\/quality\/85\/format\/webp\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F4a%2F2c%2Fa364e7b94fa99f97e353a3e6f6fa%2Fgettyimages-2176956173-594x594.jpg\" class=\"img\" type=\"image\/webp\" data-template=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/594x396+0+0\/resize\/{width}\/quality\/{quality}\/format\/{format}\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F4a%2F2c%2Fa364e7b94fa99f97e353a3e6f6fa%2Fgettyimages-2176956173-594x594.jpg\" data-format=\"webp\"\/><source srcset=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/594x396+0+0\/resize\/1100\/quality\/85\/format\/jpeg\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F4a%2F2c%2Fa364e7b94fa99f97e353a3e6f6fa%2Fgettyimages-2176956173-594x594.jpg\" class=\"img\" type=\"image\/jpeg\" data-template=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/594x396+0+0\/resize\/{width}\/quality\/{quality}\/format\/{format}\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F4a%2F2c%2Fa364e7b94fa99f97e353a3e6f6fa%2Fgettyimages-2176956173-594x594.jpg\" data-format=\"jpeg\"\/><img decoding=\"async\" src=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/594x396+0+0\/resize\/1100\/quality\/85\/format\/jpeg\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F4a%2F2c%2Fa364e7b94fa99f97e353a3e6f6fa%2Fgettyimages-2176956173-594x594.jpg\" class=\"img\" alt=\"People walk past a 7-Eleven convenience store in New York City on Wednesday. The company plans to shut down 444 stores across North America to recoup costs lost to inflation, a drop in store traffic and declining cigarette sales.\" data-template=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/594x396+0+0\/resize\/{width}\/quality\/{quality}\/format\/{format}\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F4a%2F2c%2Fa364e7b94fa99f97e353a3e6f6fa%2Fgettyimages-2176956173-594x594.jpg\" data-format=\"jpeg\"\/>\n        <\/picture>\n<\/div>\n<div class=\"credit-caption\">\n<div class=\"caption-wrap\">\n<div class=\"caption\" aria-label=\"Image caption\">\n<p>\n                People walk past a 7-Eleven convenience store in New York City on Wednesday. The company plans to shut down 444 stores across North America to recoup costs lost to inflation, a drop in store traffic and declining cigarette sales.<br \/>\n                <b class=\"credit\" aria-label=\"Image credit\"><\/p>\n<p>                    Angela Weiss\/AFP via Getty Images<\/p>\n<p>                <\/b><br \/>\n                <b class=\"hide-caption\"><b>hide caption<\/b><\/b>\n            <\/p>\n<\/p><\/div>\n<p>            <b class=\"toggle-caption\"><b>toggle caption<\/b><\/b>\n    <\/div>\n<p>    <span class=\"credit\" aria-label=\"Image credit\"><\/p>\n<p>        Angela Weiss\/AFP via Getty Images<\/p>\n<p>    <\/span>\n<\/div>\n<\/p><\/div>\n<p>Several hundred 7-Eleven stores across North America are closing, the convenience store chain announced.<\/p>\n<p>The company\u2019s CEO reported in an earnings call on Thursday held by Tokyo-based parent company Seven &amp; I Holdings that it\u2019s shuttering 444 \u201cunderperforming\u201d locations, citing inflation pressures, slowed traffic, a decline in cigarette sales and a shift in consumer appetites. <\/p>\n<p>The closures amount to 3% of the chain&#8217;s total of more than 13,000 stores in the U.S. and Canada.<\/p>\n<p>Seven &amp; I saw a 7.3% decline in traffic in August, following months of declines, and noted that low-income consumers are taking a \u201cmore prudent approach to consumption\u201d due to inflation, high interest rates and what it called a \u201cdeteriorating\u201d job climate.<\/p>\n<aside id=\"ad-backstage-wrap\" class=\"ad-wrap backstage\" aria-label=\"advertisement\">\n<\/aside>\n<div id=\"resg-s1-28033-100\" class=\"bucketwrap internallink insettwocolumn inset2col \">\n<div class=\"bucket img\">\n                  <a class=\"imagewrap\" id=\"featuredStackSquareImage490527970\" href=\"https:\/\/www.npr.org\/sections\/health-shots\/2016\/08\/23\/490527970\/beyond-slurpees-many-japanese-mini-marts-now-cater-to-elders\" data-metrics-ga4=\"{&quot;category&quot;:&quot;recirculation&quot;,&quot;action&quot;:&quot;story_recirculation_click&quot;,&quot;clickType&quot;:&quot;inset box&quot;,&quot;clickUrl&quot;:&quot;https:\\\/\\\/www.npr.org\\\/sections\\\/health-shots\\\/2016\\\/08\\\/23\\\/490527970\\\/beyond-slurpees-many-japanese-mini-marts-now-cater-to-elders&quot;}\"><picture><source srcset=\"https:\/\/media.npr.org\/assets\/img\/2016\/08\/18\/japan-convenience-3_sq-597f198cee6fa8de96205922d8ee66b91bdbf7bb.jpg?s=100&amp;c=15&amp;f=jpeg\" data-original=\"https:\/\/media.npr.org\/assets\/img\/2016\/08\/18\/japan-convenience-3_sq-597f198cee6fa8de96205922d8ee66b91bdbf7bb.jpg?s=100&amp;c=100&amp;f=jpeg\" data-template=\"https:\/\/media.npr.org\/assets\/img\/2016\/08\/18\/japan-convenience-3_sq-597f198cee6fa8de96205922d8ee66b91bdbf7bb.jpg?s={width}&amp;c={quality}&amp;f={format}\" data-format=\"webp\" class=\"img lazyOnLoad\" type=\"image\/webp\"\/><source srcset=\"https:\/\/media.npr.org\/assets\/img\/2016\/08\/18\/japan-convenience-3_sq-597f198cee6fa8de96205922d8ee66b91bdbf7bb.jpg?s=100&amp;c=15&amp;f=jpeg\" data-original=\"https:\/\/media.npr.org\/assets\/img\/2016\/08\/18\/japan-convenience-3_sq-597f198cee6fa8de96205922d8ee66b91bdbf7bb.jpg?s=100&amp;c=100&amp;f=jpeg\" data-template=\"https:\/\/media.npr.org\/assets\/img\/2016\/08\/18\/japan-convenience-3_sq-597f198cee6fa8de96205922d8ee66b91bdbf7bb.jpg?s={width}&amp;c={quality}&amp;f={format}\" data-format=\"jpeg\" class=\"img lazyOnLoad\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/media.npr.org\/assets\/img\/2016\/08\/18\/japan-convenience-3_sq-597f198cee6fa8de96205922d8ee66b91bdbf7bb.jpg?s=100&amp;c=100&amp;f=jpeg\" data-template=\"https:\/\/media.npr.org\/assets\/img\/2016\/08\/18\/japan-convenience-3_sq-597f198cee6fa8de96205922d8ee66b91bdbf7bb.jpg?s={width}&amp;c={quality}&amp;f={format}\" data-format=\"jpeg\" class=\"img lazyOnLoad\" alt=\"Beyond Slurpees: Many Japanese Mini-Marts Now Cater To Elders\" loading=\"lazy\"\/><\/picture><\/a>         <\/p>\n<p><!-- END CLASS=\"BUCKETBLOCK\" -->\n      <\/div>\n<p><!-- END CLASS=\"BUCKET IMG\" -->\n   <\/div>\n<p><!-- END ID=\"RESG-S1-28033-100\" CLASS=\"BUCKETWRAP INTERNALLINK INSETTWOCOLUMN INSET2COL \" --><\/p>\n<p>Cigarette sales are down 26% since 2019 \u2014 an 80-year low \u2014 according to the company, as customers seek alternative nicotine products <a href=\"https:\/\/www.npr.org\/2024\/08\/21\/nx-s1-5068090\/what-is-zyn-nicotine-pouches-fda\">such as Zyn<\/a>.<\/p>\n<p>Meanwhile, 7-Eleven said it plans to expand its fresh food and specialty beverage options, as people facing rising inflation seek affordable meal options.<\/p>\n<div id=\"resg-s1-28033-101\" class=\"bucketwrap internallink insettwocolumn inset2col \">\n<div class=\"bucket img\">\n                  <a class=\"imagewrap\" id=\"featuredStackSquareImage1243072754\" href=\"https:\/\/www.npr.org\/2024\/04\/05\/1243072754\/99-cent-stores-close-california-arizona\" data-metrics-ga4=\"{&quot;category&quot;:&quot;recirculation&quot;,&quot;action&quot;:&quot;story_recirculation_click&quot;,&quot;clickType&quot;:&quot;inset box&quot;,&quot;clickUrl&quot;:&quot;https:\\\/\\\/www.npr.org\\\/2024\\\/04\\\/05\\\/1243072754\\\/99-cent-stores-close-california-arizona&quot;}\"><picture><source srcset=\"https:\/\/media.npr.org\/assets\/img\/2024\/04\/05\/gettyimages-2133944567_sq-0bbf31197e66785f82cd14be3ba3e88bb01e7ccc.jpg?s=100&amp;c=15&amp;f=jpeg\" data-original=\"https:\/\/media.npr.org\/assets\/img\/2024\/04\/05\/gettyimages-2133944567_sq-0bbf31197e66785f82cd14be3ba3e88bb01e7ccc.jpg?s=100&amp;c=100&amp;f=jpeg\" data-template=\"https:\/\/media.npr.org\/assets\/img\/2024\/04\/05\/gettyimages-2133944567_sq-0bbf31197e66785f82cd14be3ba3e88bb01e7ccc.jpg?s={width}&amp;c={quality}&amp;f={format}\" data-format=\"webp\" class=\"img lazyOnLoad\" type=\"image\/webp\"\/><source srcset=\"https:\/\/media.npr.org\/assets\/img\/2024\/04\/05\/gettyimages-2133944567_sq-0bbf31197e66785f82cd14be3ba3e88bb01e7ccc.jpg?s=100&amp;c=15&amp;f=jpeg\" data-original=\"https:\/\/media.npr.org\/assets\/img\/2024\/04\/05\/gettyimages-2133944567_sq-0bbf31197e66785f82cd14be3ba3e88bb01e7ccc.jpg?s=100&amp;c=100&amp;f=jpeg\" data-template=\"https:\/\/media.npr.org\/assets\/img\/2024\/04\/05\/gettyimages-2133944567_sq-0bbf31197e66785f82cd14be3ba3e88bb01e7ccc.jpg?s={width}&amp;c={quality}&amp;f={format}\" data-format=\"jpeg\" class=\"img lazyOnLoad\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/media.npr.org\/assets\/img\/2024\/04\/05\/gettyimages-2133944567_sq-0bbf31197e66785f82cd14be3ba3e88bb01e7ccc.jpg?s=100&amp;c=100&amp;f=jpeg\" data-template=\"https:\/\/media.npr.org\/assets\/img\/2024\/04\/05\/gettyimages-2133944567_sq-0bbf31197e66785f82cd14be3ba3e88bb01e7ccc.jpg?s={width}&amp;c={quality}&amp;f={format}\" data-format=\"jpeg\" class=\"img lazyOnLoad\" alt=\"99 Cents stores to close down all 371 locations\" loading=\"lazy\"\/><\/picture><\/a>         <\/p>\n<p><!-- END CLASS=\"BUCKETBLOCK\" -->\n      <\/div>\n<p><!-- END CLASS=\"BUCKET IMG\" -->\n   <\/div>\n<p><!-- END ID=\"RESG-S1-28033-101\" CLASS=\"BUCKETWRAP INTERNALLINK INSETTWOCOLUMN INSET2COL \" --><\/p>\n<p>\u201cAffordable, high quality foods are becoming more important,\u201d Joe DePinto, the CEO and president of 7-Eleven, said in the earnings call.<\/p>\n<p>Competitors known for having loyal fans of their food offerings have earned higher marks from consumers. Out of all U.S. convenience stores, <a href=\"https:\/\/www.businesswire.com\/news\/home\/20241001864475\/en\/Wawa-Takes-First-Place-in-Inaugural-Convenience-Store-Study-ACSI-Data-Show\">East Coast-based chains Wawa and Sheetz ranked high in customer satisfaction<\/a>, according to a recent survey by the American Customer Satisfaction Index, while 7-Eleven scored below the industry average.<\/p>\n<p>7-Eleven said it&#8217;s shifting focus to invest in its higher-demand locations.<\/p>\n<p>&#8220;Aligned with our long-term growth strategy, we continuously review and optimize our portfolio to deliver convenience where, when and how customers need it,\u201d 7-Eleven said in a statement shared with multiple outlets. \u201cAt the same time, we continue to open stores in areas where customers are looking for more convenience.&#8221;<\/p>\n<p>The news of the closures come <a href=\"https:\/\/www.npr.org\/2024\/08\/22\/nx-s1-5084022\/canadian-company-alimentation-couche-tard-offers-to-buy-the-parent-of-7-eleven\">amid a bid from\u00a0Canadian company Alimentation Couche-Tard<\/a>, owner of Circle-K, to buy the 7-Eleven parent company. Such a takeover would make Couche-Tard the biggest convenience store company in the world.<\/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.npr.org\/2024\/10\/12\/g-s1-28033\/7-eleven-store-closures-us-canada\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>People walk past a 7-Eleven convenience store in New York City on Wednesday. The company plans to shut down 444 stores across North America to recoup costs lost to inflation, &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=113563\" 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-113563","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113563","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=113563"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113563\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}