A Massive Convenience Store is Now Closing 270 Locations

A massive convenience store is now closing 270 locations this year according to media reports, though exact dates are currently unknown.

7-Eleven will close a total of 272 locations across the US in 2024, according to a CBS News report.

The exact locations and dates of the closures remain undisclosed, however.

In 2023, CBS News revealed that 7-Eleven shut down a total of 184 stores nationwide.

If the closures for 2024 proceed as planned, there will be 88 more store closures this year compared to last year, the outlet says.

There are still 9,402 7-Eleven locations across the country in 38 states and territories, and 2,365 cities, per Scrape Hero.

Meanwhile, despite some stores closing, 7-Eleven is also planning to open more than 270 new locations in 2024, MSN reports.

In the face of the closures, fans are not all that happy.

“7-Eleven closing 270+ stores?” one customer questioned on X/Twitter.

“We’re doomed.”

7-Eleven has marked Free Slurpee Day by giving away complimentary Slurpees to customers on the 11th day of July.

Since it falls in the peak of summer, many people enthusiastically take advantage of this free treat.

The Slurpee, originally called ICEE, was created by Omar Knedlik.

When one of his soda fountains malfunctioned, Knedlik stored his sodas in the freezer to keep them cold.

The resulting soda slush delighted his customers, leading him to invent a machine that would freeze carbonated drinks.

Seeing the success of the ICEE, 7-Eleven made a licensing deal with Knedlik in 1965 to sell the product under a new name, available only in their stores, according to National Today.

In 1966, the Slurpee was officially introduced; the name was coined by an advertising executive inspired by the sound made when drinking it.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

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Market News Today - A Massive Convenience Store is Now Closing 270 Locations.
Market News Today – A Massive Convenience Store is Now Closing 270 Locations.

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

Also Read: Retirees Will Now Receive More Money For Social Security

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Market News Today - A Massive Convenience Store is Now Closing 270 Locations.
Market News Today – A Massive Convenience Store is Now Closing 270 Locations.

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