7-eleven to close 444 underperforming stores

[TheFugitive]

The parent company of convenience store chain 7-eleven is closing 444 company owned stores in the U.S.

https://www.cstoredive.com/news/7-eleven-close-444-north-american-stores/729524/

The same press release indicates their long-term strategy is to lease them back through franchisers and roll that right to the bottom line.  Yeah, good luck with that.  I have a friend who looked into doing this.  He audited the store's books and figured out that if he put in 70-80 hours per week, got a lot of unpaid help from his family, and risked having a gun pointed in his face every night at the end of a good year he might clear $60K.  He decided it wasn't worth it.

[TheFugitive]

Their store nearest to my home here in Pittsburgh just closed.  It had been there since the early 80's.