7-Eleven to close 645 stores

The decision follows a series of earnings reports that highlighted the impact of inflation and rising costs on the retail sector. 7-Eleven has been struggling with shifting consumer habits and increased competition from both traditional supermarkets and digital delivery services.

The closures will fall across both the United States and Canada, affecting hundreds of communities.

The company aims to streamline its operations and focus on more profitable locations as it navigates a volatile economic environment.