Popular Chain With Several Michigan locations Closing 400+ Stores

A popular convenience store with several Michigan locations is closing 444 stores across North America due to declining sales.

The earnings report released last week indicated that more than 400 7-Eleven stores will eventually be closing their doors.

What 7-Eleven Locations Are Slated to Close?

In Michigan, you'll find only a handful of stand-alone 7-Eleven locations. For the most part, 7-Eleven products are found inside Speedway gas stations across in Michigan. 7-Eleven swallowed up roughly 3,800 Speedway locations in 2021.

Earnings reports released last week did not specify which 7-Eleven locations would be closing, although the report did say that "underperforming stores" would be closed.

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According to Fox 5, the convenience store chain has had six consecutive months of traffic decline, including a 7.3% decline in August of this year.

The report goes on to say that declining cigarette sales is a major factor in the chain's declining sales in the last five years. Cigarette sales have dropped about 26% since 2019 and 7-Eleven's parent company says the shift to other nicotine products hasn't been able to make up the difference.

A Shift at 7-Eleven

The company said existing stores will likely be transformed to center around food, the chain's highest selling category.