Surprisingly World’s Largest Retailer Closing 450 Stores. Who Are They?

We keep reading about closing after closing of retail stores around the country.

Big Lots, Rite Aid, Macy's, even McDonalds are either going out of business or closing hundreds of locations. But that's small potatoes compared to the world's largest retailer, because they just announced they would be closing nearly 450 stores nation wide.

     👇BELOW: OTHER RETAIL CHAINS THAT ARE NO MORE! 👇

A retailer larger than Walmart, Dollar General, and even McDonald's is getting ready to close over 400 stores nationwide.

There are over 62,000 stores worldwide, our sister station WIBX reported. For a perspective, that is nearly 20,000 more stores than the second largest chain in the world, which would be Subway.

Who is this mega chain that owns about 13,000 stores across the country?

7-Eleven!

7-Eleven used to be everywhere. You could find a location all over West Michigan and throughout the state, but not anymore. Aside from I think a Zeeland location, they are all gone here. They are still to be found from Lansing east, but not West Michigan. That is why the announcement won't have as much of an impact on our economy but may affect the rest of the state.

Why are they closing?

Underperformance is the key here WIBX reports. The owners reported declining traffic, ongoing pressures from the pandemic, inflation, and a sharp drop in cigarette sales

.Wait! What? Slow cigarette sales?

Yes sir! Cigarette sales have dropped by over 26% since 2019.

7-Eleven has been going strong since 1927, Slurpee and all, and are thriving in other countries, so with some new plans in place hopefully they can revive the tried and true American 7-Eleven!