7-Eleven Store Closures

The closures will significantly outpace the 205 new locations the company expects to open during the same period.

Seven & i Holdings, the chain's parent company, cited high inflation and a 'challenging' economic outlook as primary drivers for the pullback.

This move follows the closure of over 600 stores in the previous two years, indicating a sustained effort to streamline operations.

The company is also facing increased competition from digital delivery services and a decline in traditional foot traffic.