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Originally Posted by Changing City
Government isn't responsible for 7-11 closing on Dunsmuir. "7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year" - that's in the US and Canada. They're also closing 350 stores in Japan, 18 in Australia, 30 in Beijing, China, 25 in Tianjin, China and 10 in Chengdu, China.
Across the 86,000 stores the company still operates around the world "Seven & i expects its revenue to fall 9.4 per cent for the current fiscal year". The closures mark the fifth year in a row when 7-Eleven shuttered more stores than it opened.
Last year, North America revenues were down 10% to $50 billion and operating income took an even steeper dive, down over 20% to $1.4 billion. They're trying to get the business into better financial shape to list it on the stock market, so closing anything under-performing.
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being one of the 645 out of 85,000 certainly points to there being a problem which is definitely the fault of governments, federal and provincial, if it were a profitable location without extreme shoplifting problems and disorder around scaring customers away it wouldn't be closing