7-Eleven to Close 645 Stores

In a major strategic pullback, 7-Eleven is shuttering hundreds of convenience stores across Canada and the United States.

The decision follows a series of earnings reports that highlighted the impact of higher fuel and food prices on the company's bottom line.

While the chain is still expanding into some high-growth areas, the net reduction in storefronts reflects a broader trend of retail consolidation in a volatile economy.

The company stated that the closures are part of a multi-year plan to optimize its portfolio and focus on more profitable urban hubs.