A convenience store chain plans to close several hundred underperforming stores.
7-Eleven will be shutting down 444 locations due to a variety of issues.
CNN reports that the company announced the closures in a recent earnings report, citing slowing sales, declining traffic, inflationary pressures, and a decrease in cigarette purchases as the reasons.
7-Eleven has more than 13,000 U.S. locations and the closures would affect about 3% of its stores.
Seven & I Holdings, the chain’s Japan-based parent company, shared that the stores’ sales have declined over the past several months, including a more than 7% drop in August.
A specific list of closing locations wasn’t immediately released.