From NPR.
7-Eleven expects to close hundreds of locations around the U.S. in the coming months — part of an overhaul by its parent company, based in Japan, as the retailer is trying to figure out how to stay profitable in North America.
The chain began in Texas, but it’s been losing money in the U.S. as Americans buy fewer cigarettes and scale back on discretionary spending. The chain’s plan is to refresh its reputation by converting many of its locations to only gas stations and revamp others to add more fresh food and snacks — more like its stores in Japan.
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