Nearly 450 7-Eleven stores across North America are closing for underperforming, according to the company.
Seven & I Holdings, 7-Eleven’s Japan-based parent company, announced in an earnings report Thursday that 444 7-Eleven stores are closing because of a dip in sales, particularly cigarette sales, as well as decreased traffic and inflation.
A list of which stores will be closing was not released.
7-Eleven has 13,000 stores across the U.S. and Canada, which means the closures would only impact 3% of the company’s portfolio.
The convenience store chain has faced six consecutive months of traffic declines, including a 7.3% dip in August.