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    • 7-Eleven plans to close 444 stores. Will Arizona stores close?
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    7-Eleven plans to close 444 stores. Will Arizona stores close?

    Kathleen William Posted on

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    7-Eleven is closing more than 400 stores in the United States and Canada, officials said, due to lower sales due to inflation and the continued decline in cigarette sales.

    The 444 stores being closed are among the convenience chain's 13,000 stores in the U.S. and Canada. A list of stores that will be closed was not released by the company; the company announced the plan to close the stores on its most recent conference call late last week.

    7-Eleven isn't the only store closing due to declining sales. Walgreens recently announced closures and a number of other companies, including Hooters, Red Lobster, Bed Bath & Beyond and Big Lots, will close stores or file for bankruptcy this year.

    Here's what Arizona shoppers need to know about 7-Eleven closures and locations in the state.

    Will 7-Eleven stores close in Arizona?

    The company did not release a list of stores and 7-Eleven did not immediately respond to USA TODAY Network's request for a list of closing locations.

    More: Walgreens plans to close 1,200 more stores. How many Arizona businesses are at risk?

    When will 7-Eleven stores close?

    The closures are expected to occur in the fourth quarter of this year, officials said.

    Why is 7-Eleven closing its stores?

    7-Eleven said traffic and sales were challenged “as consumers pull back due to inflationary pressures” and consumer cigarette sales continue to decline across the industry.

    To address recent challenges, the company said it will expand its proprietary products, including fresh food and proprietary beverages, accelerate digitalization and delivery, including continued growth of its loyalty program, and expand and improve its store network.

    Seven & i Holdings, 7-Eleven's parent company, also said it would consolidate some of its “non-core assets” into a new holding company and rename itself “7-Eleven Corp” to focus on its profitable convenience stores -Stores to emphasize.

    After rejecting an offer from Circle K operator Alimentation Couche-Tard in August, the Japanese operator of 7-Eleven stores is under pressure to convince investors that it can increase value as it owns the company and undervalued its growth potential.

    The new holding company, called York Holdings, will house 31 subsidiaries, including the group's supermarket business, the Loft convenience store, the Akachan Honpo baby goods store and the operating company of Denny's restaurants in Japan.

    Other large properties in Arizona closing: Here you can find out which businesses are affected and which will remain

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    Kathleen William
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