7-Eleven plans to close 645 stores across North America

The closures mark the fifth straight year the chain has closed more locations than it opened in North America.

7-Eleven plans to close 645 convenience stores in North America over the next fiscal year — the most aggressive round of cutbacks yet for a chain that has been shrinking its footprint for half a decade.

Seven & i Holdings, the chain’s Japanese parent company, also recently pushed back a highly anticipated stock market debut until at least 2027.

The announcements were both made as part of the company’s earnings release on April 9.

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