The company’s parent, Tokyo-based Seven & i Holdings, said it expects to shutter 645 stores during its 2026 fiscal year, which runs from March through February. The closures will primarily target underperforming locations and some stores will be converted into fuel-only sites rather than full convenience stores.
It has not released a list of locations slated for closure and it remains unclear how many stores in Austin — and Texas — could be affected. The company operates about three dozen 7-Eleven stores in the city among about 1,450 across the state.
It plans to open about 205 new stores in North America in the current fiscal year but an expansion blitz is brewing in 2027, with more than 500 new stores planned. The overall store count is expected to fall to roughly 12,000 locations from the nearly 13,000 it’s operated in recent years.
New stores will offer a “food-forward” model, meaning more prepared meals and beverage options and an upgraded store experience.
The company said it envisions the new model competing with other fast-casual restaurants and grocery stores and locations that have already upgraded are already seeing success.
“These food-forward stores are resonating with our customers and driving (average sales per store day) about 18% higher than our system average,” 7-Eleven president Stan Reynolds said during the company’s fourth quarter earnings call.
