Seven & i Holdings, the parent company of 7-Eleven, has announced a major restructuring that will close 645 underperforming U.S. locations as it pivots toward higher-margin assets. The plan, disclosed amid investor pressure to streamline North American operations, will shut some outlets entirely while converting others into franchise or fuel-focused sites. The move reflects broader brick-and-mortar trends, as retailers shed non-core stores to protect margins in an inflationary environment. The company is also exploring changes to store layout and inventory to emphasize on-the-go food and beverages. Employees at affected locations are expected to receive closure timelines in the coming weeks.

Prepared by Christopher Adams and reviewed by editorial team.