So, closing low performing stores, and opening newly remodeled stores elsewhere. I will be interested to see if this works.
Transitioning to mini-Tesco like storefronts in downtown areas could pay off. But if they’re just updating the existing tied-to-gas station model, I think that’s a dead end. People mostly pay at the pump now and don’t go inside except to buy liquor/cigs/lottery tix. (Unless you’re talking about the cult of Buccees.)
Article:
Aside from the 645 closures, the company also expects to open 205 stores in North America during the 2026 fiscal year.
The company said those openings would be part of 7-Eleven's future growth by transitioning to a “food-focused convenience store” model.