7&i Holdings to close 645 stores
7-Eleven's parent company 7&i Holdings Co. Ltd. has reported that it plans to close 645 of its stores during its Q4 phase, between March 1, 2026 to Feb. 28, 2027.
Though last week's brief summary for fiscal year 2025 reported that 200 North American locations will be opened in the same period, 2026 will be the fifth year in a row that the company has closed more stores than it opened during that same period.
The company is closing underperforming locations and opening larger, food-focused designs. Some will be turned into “wholesale fuel stores,” a category that 7&i Holdings Co. Ltd. separates from its official retail store count. Wholesale can be an option for companies to save money on operations while still profiting by selling fuel to their tenants.
In closing over 600 stores and reallocating some existing stores into wholesale fuel store the convenience chain appears to be cutting and slashing in preparation for the IPO, which the retailer announced last week has been delayed by roughly a year due to market uncertainty.
