Apr. 14, 2026 "7-Eleven expects to close hundreds of locations in Canada, U.S.": Today I found this article on CBC:
Convenience chain 7-Eleven expects to close hundreds of its locations this year.
According to earnings filings published last week, 7-Eleven's North American operator plans to
close 645 stores in the 2026 fiscal year
— outpacing the 205 locations it forecasts it will open during that same time.
Seven & i Holdings, the Japan-based parent of the convenience chain, noted that these closures "include the conversion to wholesale fuel stores."
Financial documents show that 7-Eleven has steadily opened new wholesale fuel stores in North America over recent years,
which accounted for more than 900 locations as of December 2025.
The company did not immediately explain the closures or specify which locations could be impacted. The Associated Press reached out for further information.
According to the company's website, there are over
86,000 7-Eleven stores across 19 countries today.
7-Eleven Inc., the brand's North American operator based in Texas,
oversees more than 13,000 locations in the U.S. and Canada.
The convenience giant has closed hundreds of underperforming locations over the years,
and the latest cuts arrive as higher prices strain consumers worldwide.
The U.S. and Israel's war against Iran has especially rattled energy markets, with drivers now facing soaring gas prices.
Consumers were facing stubborn inflation even before the war.
In North America specifically, Seven & i noted in its April 9 report,
"although the economy remained robust,
personal consumption also began to soften"
for the 2025 fiscal year —
"particularly among low-income households,
as inflation continued to weigh on spending."
Openings for Seven & i subsidiaries
outside of North America are set to outpace the stores they're closing
— including Seven-Eleven Japan,
which expects to close 350 stores
and open 550 locations,
per financial filings.
Seven & i expects its revenue to fall 9.4 per cent for the current fiscal year,
totaling a projected nearly 9.45 trillion yen (about $81.95 billion Cdn).
The company has been looking for new opportunities for growth,
and last year outlined a wider transformation plan aimed at boosting its convenience store offerings.
Among goals, Seven & i has said it would invest in
more fresh food offerings
and expand its "7NOW" delivery service.
The changes also arrive under new leadership. Stephen Hayes Dacus became Seven & i's CEO last spring.
https://www.cbc.ca/news/business/7-eleven-closure-stores-canada-9.7163624
Apr. 17, 2026 "QVC’s parent company files for bankruptcy": Today I found this article by Jordan Valinsky on BNN Bloomberg:
NEW YORK — QVC, the home shopping TV network that has been a staple for almost four decades, has filed for bankruptcy.
The channel’s parent company, QVC Group, announced Thursday that it has voluntarily entered Chapter 11 proceedings in an effort to slash its debt from US$6.6 billion to $1.3 billion.
Based in West Chester, Pennsylvania, the network sells everything from kitchen appliances to a Martha Stewart clothing collection.
However, it has struggled in recent years from a surge in
online shopping
and live-streaming apps, like TikTok and Whatnot;
as well as U.S. President Donald Trump’s tariffs
and the decline of viewership on cable television.
CEO David Rawlinson said in a press release the “process will allow for QVC Group to have the financial structure it needs to accelerate our return to growth.”
The company has sufficient money to keep operating as it navigates the bankruptcy proceedings, and expects to complete the process within 90 days. No layoffs or furloughs are planned and vendors will be paid.
QVC, which stands for Quality, Value, Convenience, started in 1986, helping pioneer the live-shopping format.
In 2017,
QVC bought its older rival, Home Shopping Network (HSN), and merged the operations.
Together, they operate nearly a dozen TV channels and a website.
In the release, QVC touts its digital growth with its streaming channels
and said it has become a top seller on TikTok.
“A stronger balance sheet,
together with revenue growth from social and streaming,
is expected to enable QVC Group to stabilize and return to sustainable growth over time,”
the company said.
Shares of QVC Group (QVCGA) fell nearly 70 per cent on Thursday.
Jordan Valinsky, CNN
My week:
Mon. -Tues Apr. 20, 21, 2026 Spring: It was was warm enough for me to sit outside in my spring/ autumn jacket.
I was sitting in my lawn chair in my backyard with my tablet.
Wed -Fri. Apr. 22-24 Winter: Now it's cold and snowing.
You should wash and put away your winter jacket by the end of May.
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