7-Eleven plans to close 645 stores across North America during the 2026 fiscal year, significantly more than the 205 new locations it expects to open. The closures come as the company faces weaker consumer spending, rising inflation, and higher fuel prices linked to global energy market instability. Some locations will also be converted into wholesale fuel stores as part of the company’s broader restructuring strategy.

Seven & i Holdings, 7-Eleven’s parent company, says lower-income consumers in particular have reduced spending as living costs continue to rise. Despite the closures, the company is still investing in growth areas such as fresh food options and its “7NOW” delivery service.

For Canada’s job market, the move highlights ongoing challenges in the retail and service sectors. While some frontline retail positions could be affected if Canadian locations are included in the closures, the company’s shift toward delivery services, logistics, and fuel operations may also create different types of jobs. More broadly, the announcement reflects how retailers are adapting to changing consumer habits, inflation pressures, and the growing demand for convenience-focused services.

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The Associated Press’ original article, “7-Eleven expects to close hundreds of locations in Canada, U.S.” was published in CBC News on April 14, 2026. Read the Full CBC News story.

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