The corporate parent of 7-Eleven is adjusting its massive retail footprint across North America. Seven & i Holdings released new details regarding its restructuring plans, which include shuttering hundreds of underperforming locations this year. The company is seeking to streamline its portfolio as customer traffic continues to soften.
According to the company's latest quarterly earnings report, the retailer now plans to close 200 unprofitable stores during fiscal year 2026. This updated target represents a scale-back from an earlier filing that suggested up to 645 closures. The company confirmed that 45 of these underperforming sites have already been shut down.
7-Eleven is closing hundreds stores across North America as the convenience store giant looks to boost profitability.
The company said the closures will affect underperforming locations that are not part of its long-term growth strategy, while the remaining stores will continue… pic.twitter.com/7zgifFn6EV
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In addition to outright closures, the retail giant is heavily focusing on converting existing assets. The company plans to transition 350 convenience stores into wholesale fuel sites this year, with 72 locations already converted during the first quarter. Another 390 corporate-owned stores are scheduled to transition into franchise operations.
Despite trimming its underperforming sites, 7-Eleven is still pursuing selective expansion in high-traffic markets. The chain expects to open 205 brand-new stores this fiscal year, with 30 locations already welcoming customers. Additionally, a major initiative to remodel 200 existing stores is set to begin during the second half of the year.
The combined restructuring efforts will result in a notable net decrease in the brand's physical footprint. The total number of 7-Eleven stores in the United States is projected to drop from 12,712 in February to 12,272 by the end of the fiscal year. This net decline of 440 locations continues a downward trend from late 2024 when the company operated 13,145 stores.
Company data indicates that the North American division has struggled with softer overall business performance in recent months. The parent firm has not publicly disclosed the specific locations slated for closure. Instead, executives are prioritizing high-volume locations and franchise partnerships to stabilize the brand's long-term outlook.