Arizona
7-Eleven plans to shutter 444 stores. Will any Arizona stores be closing?
Big Lots: Rising inflation forcing retailer to close dozens of stores
Big Lots plans to close 35-40 stores this year, highlighting economic challenges facing large retailers. The closures include four stores in Michigan.
7-Eleven is closing more than 400 stores in the United States and Canada, officials said, crediting fewer sales due to inflation and continued declines in cigarette sales.
The 444 stores to close are among 13,000 stores the convenience chain has in the United States and Canada. A list of stores to close was not released by the company, which announced the plan to shutter the stores during its most recent earnings call late last week.
7-Eleven is not the only store shuttering locations due to declining sales. Walgreens recently announced closures and a host of others to close stores or declare bankruptcy this year, including Hooters, Red Lobster, Bed Bath & Beyond and Big Lots.
Here’s what Arizona shoppers need to know about the 7-Eleven closures and locations in the state.
More Big Lots in Arizona are closing: Here’s which stores are affected and which remain
Will 7-Eleven stores in Arizona close?
The company didn’t release a list of stores and 7-Eleven did not immediately respond to the USA TODAY Network’s request for a list of locations closing.
When will 7-Eleven stores close?
The closures were expected to happen in the fourth quarter of this year, officials said.
Why is 7-Eleven closing stores?
Traffic and sales were challenged “as consumers pull back due to inflationary pressure,” according to 7-Eleven, and consumer cigarette sales continue to decline industry-wide.
To counteract its recent challenges, the company said it would grow its proprietary products, including fresh food and its proprietary beverages, accelerate digital and delivery, including continued growth in its loyalty program and grow and enhance its store network.
Seven & i Holdings, the parent company of 7-Eleven, also said it would bundle some of its “non-core assets” into a new holding company and rename itself ‘7-Eleven Corp’ to emphasize the focus on its profitable convenience stores.
After rejecting a bid in August by the operator of Circle K, Alimentation Couche-Tard, the Japanese operator of 7-Eleven stores is facing pressure to convince investors it can enhance value, saying it undervalued the company and its growth potential.
The new holding company, to be called York Holdings, is set to house 31 subsidiaries, including the group’s superstores business, general goods store Loft, baby goods store Akachan Honpo and the operating company of Denny’s restaurants in Japan.
Arizona
Social sport leagues for adults heating up in Arizona
Arizona
Rock Canyon Fire in northern Arizona now 3K acres, campgrounds threatened
NORTHERN ARIZONA (AZFamily) — A fire in northern Arizona grew significantly in the last 24 hours and is threatening camping areas in Coconino County, officials say.
The Arizona Bureau of Land Management says the Rock Canyon Fire, which began Monday afternoon, is 3,000 acres and 5% contained. It was caused by lightning. The fire was initially reported at 500 acres on Monday night.
The head of the fire is approximately three miles from House Rock Valley, near the Arizona-Utah border. Strong winds continued to push the fire eastward on Tuesday, officials said.
“Plans are in place to evacuate recreators and any public camping in the House Rock Valley, starting as early as this [Monday] evening,” BLM officials said in a statement. “The anticipated winds this evening are expected to contribute to further substantial expansion of the fire into the late night and early morning.”
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Arizona
Rock Canyon Fire grows to 1,000 acres along the Arizona-Utah border
COCONINO COUNTY, AZ — A new wildfire burning along the Arizona-Utah border has grown to over 1,000 acres and remains 0 percent contained as of Tuesday.
The Rock Canyon Fire is centered nine miles south of US 89 and nine miles west of House Rock Valley Road in Coconino County.
According to fire officials, the fire was lightning-caused.
Nick Smith
Wildland firefighters from the U.S. Wildland Fire Service and U.S. Forest Service are working to contain the fire, along with local crews.
The Rock Canyon Fire is one of two currently burning in Arizona, with the Dellenbaugh Fire located near the Grand Canyon estimated to be at 700 acres.
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