7-Eleven is closing 444 underperforming locations across North America, citing declining sales, lower foot traffic, inflation, and a drop in cigarette purchases.

This accounts for 3% of its 13,000 stores in the U.S., Canada, and Mexico.

The closures are part of the company’s strategy to remain efficient and profitable amid challenges, including a 26% decline in cigarette sales since 2019 and competition from online and discount retailers.

Despite this, 7-Eleven plans to invest in its food offerings, which are now its top sales category, CNN has reported.

The closures come as the chain faces a $47.2 billion takeover offer from Couche-Tard.

Written by B.C. Begley