7-Eleven Closing 400 U.S. Stores Amid Declining Sales, Rising Inflation, Aims To Rebrand Convenience Store.

7-Eleven will close over 400 underperforming stores in the U.S. this year, its parent company. The decision comes amid declining foot traffic, rising inflation, and reduced cigarette sales. The company plans to refocus on growing its proprietary products, expanding digital services, and accelerating delivery and loyalty programs. Parent company Seven & i Holdings will rebrand as 7-Eleven Corp and create York Holdings to house non-core assets like Loft and Denny's Japan. Seven & i rejected an August bid from Circle K’s parent, Alimentation Couche-Tard, saying it undervalued the company.