Gateway Pundit –
The convenience store 7-Eleven will close over 400 stores nationwide, the company has announced.
According to CNN, Seven & I Holdings, the chain’s Japan-based parent company, announced the closures in their earnings report on Thursday.
Under the proposed measures, 444 locations of 7-Eleven will be shut down due to a fall in sales, high inflation, and a decrease in cigarette purchases.
“The North American economy remained robust overall thanks to the consumption of high-income earners, despite a persistently inflationary, elevated interest rate and deteriorating employment environment,” Seven & I said in its earnings release.
“There was a more prudent approach to consumption, particularly among middle- and low-income earners.” more here
Gee Wally, Kamalabidenomics is driving a LOT of businesses out of business!
No kiddin Beave! Itz almost like itz intentional!
Ya Think?
economics is like gravity, ignore it at your peril
I haven’t been to a 7-11 in a long time. Drinking Big Gulps used to make me pee all the time, so I gave them up. The nearest 7-11 to me is welfare central and there is no way that I will go there for any reason. And beside 7-11’s have always been a rip off joint, overcharging poor people for everything and EBT magnets attracting riff raff who are too stupid to shop elsewhere.
There’s a 7-11 about a mile from me. I rarely go there because I have to ask the clerk to unlock the beer cooler because of rampant theft.
I only went to 7 eleven when I wanted to pay more for an item than I would somewhere else.
Maybe Abu or Singh will vote for Trump now.
Didn’t Biden say something about people working in 7-11?
They forgot to list the second major reason: rampant shoplifting by Obama sons and Biden voters.
Circle K’s are even worse than 7-11’s. I call them stop and robs because always seem to attract robbers looking to make a quick buck.
I was surprised that 7-11 was a “must see’ in Honalulu (per our local tour guide), then a store front in Japan at Narita international terminal, then again all over Thailand.
@gta 7:47 p.m., I always thought Stop-n-Go was “stop-and-rob,” but competition is the American way, so why not both?