Convenience store chain 7-Eleven plans to close 645 stores in North America during fiscal year 2026, according to earnings filings published last week by its parent company Seven & i Holdings Co.

The closures will outpace the 205 new locations the company forecasts opening during the same period. Seven & i noted that the closures "include the conversion to wholesale fuel stores," part of a business segment that has grown to more than 900 locations as of December 2025.

The company did not specify which locations would be affected or provide detailed reasons for the closures. Seven & i operates more than 13,000 7-Eleven locations across the United States and Canada, part of a global network of over 86,000 stores in 19 countries.

The closures come as the company faces economic pressures affecting consumer spending. In its April 9 report, Seven & i noted that while the North American economy remained robust during fiscal 2025, "personal consumption also began to soften, particularly among low-income households, as inflation continued to weigh on spending."

Seven & i expects its overall revenue to decline 9.4% for the current fiscal year to approximately 9.45 trillion yen (about $59.5 billion). The company has outlined transformation plans aimed at expanding fresh food offerings and its "7NOW" delivery service. Outside North America, the company's Japanese operations plan to open 550 stores while closing 350 locations.

The changes occur under new leadership, with Stephen Hayes Dacus having become Seven & i's CEO last spring. The company has historically closed underperforming locations as part of its business strategy.