Canada IN SHOCK As 7 Eleven SHUTS DOWN All Stores! Carney Explodes!
FULL TRANSCRIPT
7-Eleven closing 444 underperforming
stores across North America. The
convenience store chain has more than
13,000 locations across the US, Canada,
and Mexico. The company says the
closures are because of slowing sales
the past 6 months, fewer cigarette
purchases, and inflation.
>> It's very concerning when we see
retailers uh, you know, making decisions
that they believe they have to make to
close their doors.
>> There's a sign in the window. This
7-Eleven on Ellis Avenue is closed.
Canada just got hit with a kind of
shutdown shock that nobody saw coming.
And it starts with 7-Eleven pulling the
plug on stores nationwide. This isn't a
branding change or a quiet
restructuring. It's the clearest sign
yet that Canada's everyday economy is
breaking under pressure. And the part in
Ottawa that nobody wants to admit. If
even 71 can't survive the conditions
that Mark Carney created, then this
crisis is a lot bigger than convenience
stores. At least two other 7-Elevens not
on the list have also closed, including
this one on McFillips and this one on
Pemina. 7-Eleven could not be reached
for comment about why the stores shut
their doors.
>> We are now, right, having to find new
places and new ways to get those things.
And of course, the prices are different.
Uh, very different.
>> I need you to understand how big this
is. 7-Eleven didn't choose a handful of
weak stores. They unleashed the largest
shutdown wave in the chain's North
American history, wiping out hundreds of
locations and dragging Canada straight
into the blast zone. This wasn't
announced with transparency, maps, or
community notices. Canadians woke up to
dark windows, stripped shelves, and
doors chained shut because the company
decided entire regions were no longer
worth keeping alive. If you're going to
7-Eleven locations like this one on
Sahara and Jones or 443 others across
the country, you come across this a sign
telling you it's been permanently closed
and some locked doors. And here's the
part that should scare every single
politician who still thinks that this is
just business. 7-Eleven only closes
stores when the ground beneath them
becomes impossible to operate on.
collapsing foot traffic, inflation
gutting margins, rising crime, soaring
electricity bills, and the kind of
economic pressure that kills 247
convenience before anything else. When a
chain built to survive low margins, late
nights, and every recession suddenly
taps out, it means the foundation of the
street level economy has snapped. think
and to wonder, you know, about the
economy and the things that are going on
and make you kind of kind of stand still
and take notice of, you know, the
situation that we're really in.
>> Brown and his church set up near the now
closed 7-Eleven to hand out food and
water to those who need it. The
convenience store was a good place to
grab supplies. Now, with a closed store,
they'll have to head somewhere else for
what they need. So, the shock isn't that
7-Eleven left. The shock is what their
exit reveals. that Canada's everyday
retail system is now cracking so
violently that even a global giant can't
hold its position anymore. And that's
why the entire country felt this
shutdown like a punch. Because if the
most reliable store on the corner can't
survive here, it raises one brutal
question. What business can? Fiscal
year, 7-Eleven's Japanese-based
ownership company, 7 and Holdings,
announced they'll close 444
stores. They site issues like inflation
keeping customers from spending, less
people going to stores, and even
plummeting cigarette sales. Another
boarded up and chained location. So, let
me be brutally clear. This shutdown
didn't hit Canada evenly. It slammed
directly into Western Canada, the very
region already carrying the economic
weight of the country while getting the
least protection from Ottawa. And the
numbers make it impossible to pretend
otherwise. Out of just over 550 Canadian
7-Elevens, nearly half of them sit in
Alberta, BC, Saskatchewan, and Manitoba,
with Alberta alone holding the single
biggest cluster in the nation
>> due to declining sales and fewer
customers, partly because of rising
prices and less demand for cigarettes.
These closures come as the company faces
inflation pressures and shifting
consumer habits. out of its 13,000
stores in the US and Canada.
>> That means when 7-Eleven starts cutting,
the first lights to go out aren't in
downtown Toronto or Vancouver's luxury
districts. They're in the prairie towns,
the highway stops, and the working-class
neighborhoods. When these stores aren't
just convenience outlets, they're actual
lifelines. In Alberta, especially,
losing a 7-Eleven isn't losing a snack
shop. It's losing the place kids go
gather after school, the late night
community safe spot, that anchor in your
town that stays open long after
everything else shuts down. Businesses
have been saying for a long time, we're
having challenges.
>> The chamber says when stores like
7-Eleven are forced to close, those
neighborhoods decline. It says there
needs to be more enforcement and tougher
consequences for chronic thieves.
>> We need government to step up and saying
we're not going to treat this like a
victimless crime. we're going to treat
it like the the meaningful uh challenge
to our community's well-being that it
isn't.
>> And the irony Ottawa refuses to
acknowledge, the West is the region
propping up Canada's economy with
energy, exports, and growth. Yet, it's
also the region where the shutdown
fallout is landing the hardest. So, when
Western storefronts go dark first, it
sends a message louder than any press
conference Carney can hold. The economic
stress is strongest where the country
depends on stability the most. And every
closed sign in Alberta or Manitoba is
proof that the system is cracking right
at its foundation.
>> In the US by the end of the year, the
convenience store's parent company says
the 444 locations are underperforming as
customers pull back spending, especially
on cigarettes. Now, there are about
13,000 7-Eleven stores in the US and
Canada. It's still not clear exactly
which locations will shut down.
>> Nothing about this collapse is random.
7-Eleven fell in the very sector that's
been raising red flags to Mark Carney
for years, warning that the retail
ground was giving way. Convenience store
owners told him margins were
evaporating, operating costs were
exploding, crime was chewing through
profits, and Ottawa's own tobacco and
vaping restrictions were destroying the
only high margin products keeping small
shops alive.
and we are closed again.
>> Carney still brushed it off. He built
his political identity on the promise
that Canadians would feel relief every
time they walk into a store. Yet now,
one of the most recognizable storefronts
in the country is failing under his
watch. That's why this shutdown
detonated in Ottawa. It's not this niche
collapse. It's the street level economy
cracking in plain view. If Carney can't
keep something as foundational as a 24/7
convenience chain alive, what confidence
should Canadians have in his broader
economic plan? And that's the truth he
can't escape. 7-Eleven didn't just close
locations. It exposed the reality that
he's been dodging. The pressure
suffocating Canadian families is now
suffocating entire chains. And when
those neon signs go dark, the failure
isn't just operational, it's political.
And it leads straight back to him.
Consider how quickly all this became
normal. Not just the masks or the lines,
but how quickly we stopped spending
unless we had to.
>> Even with the controlled access, so it's
always a stressful experience for me at
least.
>> That fear and reticence is showing up in
almost every data point. Today, retail
sales numbers came in and they're
predictably ugly. Let's strip away the
corporate spin. 7-Eleven didn't shut
stores because it felt like a refresh.
It shuts stores because the numbers
didn't make sense. The Canadian economy
turned into a hostile environment that
no convenience chain can survive [music]
in. Foot traffic dropped for months. The
late night rush disappeared and the
customer patterns 7-Eleven depend on
simply broke. Inflation made everything
worse. Every bill that keeps a 24/7
store alive. Electricity, wages,
insurance, deliveries, they all exploded
at the same time. Meanwhile, the core
product that keeps convenience stores
profitable, cigarettes, fell by more
than 25% over the last few years,
cutting the heart out of those margins.
Add rising crime, shoplifting, and the
cost of extra security. Well, that math
becomes brutal.
>> When do you pay? I'll come back.
>> I just wanted to record this cuz this is
the only 7-Eleven I've seen in my entire
life that closed.
>> So, when 7-Eleven pulled the plug, it
wasn't a mystery to me. It's literally a
symptom. A global retail giant looked at
the reality on the ground and decided
Canada wasn't worth the fight anymore.
That's really what should terrify
Ottawa. When a company built for thin
margins, high volume, and non-stop
traffic collapses under your economic
conditions, that means the foundation
itself is fractured, probably even
cracked. And 7-Eleven just proved it.
It's going to be an inconvenience cuz
now there's like there's not going to be
anything like cuz usually they're open
24 hours.
>> In anticipation of the doors shutting
for good, these permanently closed signs
are already up at two of the stores. And
at all four, some of the store shelves
are empty or the shelves themselves have
already been pulled down.
>> 7-Eleven is basic.
>> What makes this collapse even more
humiliating for Canada is one simple
truth. A Canadian company, Koshtar, the
giant behind Circle K and Max, launched
a massive $46 billion bid to buy
7-Eleven's Japanese parent and bring the
entire global chain under Canadian
ownership. That deal would have changed
everything. If it would have went
through, Canada wouldn't be sitting here
watching their stores close. Canon would
be the ones deciding which stores
survive, which stores evolve, and how
the network grows. Instead, Japan shut
the door, rejected the offer, and kept
full control. And just months later, the
closure wave hit North America with
Canada having zero say in which
communities got wiped off the map.
>> Canada's food banks are sounding the
alarm, releasing a staggering new report
that shows monthly food bank visits have
doubled since 2019.
>> That's why the shutdown feels like a
national gut punch. Canada almost owned
the chain, almost controlled its
direction, almost secured its footprint,
and instead it's now watching the
international boardroom decide which
towns lose their 24/7 lifeline. The
message is brutal but honest. Ottawa
doesn't control the future of its own
retail backbone anymore. So, what else
does? When a giant like 7-Eleven shuts
down, it's not just a business story.
It's a community shock. These stores
aren't luxury boutiques or seasonal
pop-ups. They are the daily and the late
night constants. The brightly lit corner
that makes your neighborhood feel alive,
make it feel safe and connected. And
when those lights go out, the impact
isn't theoretical, it's instant.
>> Canada, there was always a bay. So now
all of a sudden there is no bay. So we
don't know like where to shop um in
department store anymore. Not only the
bay, but uh everybody's losing their
jobs. Like [music] my friends are losing
their jobs as well.
>> We're all living through uh you know,
tougher, harder times. And uh you know
we feel for you.
>> Jobs disappear overnight. Not just the
cashiers though. Delivery guys, drivers,
cleaning crew, local suppliers, security
contractors, small bakeries, everyone is
tied into that ecosystem. Streets get
darker, foot traffic drops, and the
little pockets of safety that 24/7
stores create start to vanish. In
Alberta, Manitoba, and the prairie
towns, where 7-Eleven is basically
stitched into daily life, the loss hits
really hard. In some areas, this isn't
one less option. It's literally the only
option gone.
>> 7-Eleven officials told them in a
meeting last week, 10 stores could be on
the chopping block because of financial
losses due to theft and crime.
>> One store has experienced like $300,000
worth of theft. They just come in there,
they take whole shelves. The Winnipeg
Chamber of Commerce says it has had
discussions with 7-Eleven about the
retail theft problem, and it's not
surprised by the threat of 10 possible
closures. And the emotional punch is
real. These stores aren't fancy, but
they are familiar to us. They're the
place kids grab snacks after school, the
place parents stop on the way home, the
place where you run to at midnight
because everything else is closed. When
that brand is woven into the culture and
it starts vanishing, it sends a message
that no politician can spin. The
everyday life Canadians rely on, it's
breaking in places that Ottawa doesn't
even look at.
>> How is the business community reacting
to the prospect of these potential
closures?
>> The Winnipeg Chamber of Commerce says
it's not surprised by these revelations.
It says it's time to stop treating these
crimes as if they are victimless.
In the evening and overnight, this
7-Eleven on Salter and Flora locks its
doors. Customers are served through this
window. So, we've got to stand at the
window for like at least depends on how
many people are standing there waiting.
>> Regular Samantha Bushie says, "And the
truth is simple. 7-Eleven didn't
collapse in isolation. Every convenience
store in Canada has been getting hit
with the same wave. Rising crime, higher
operating costs, and Ottawa's own
restrictions wiping out their highest
margin products. Retail theft surged,
forcing stores to spend more on staff
and security. Electricity, insurance,
wages, and rent all climbed at the same
time. It erased what little profit that
these stores had left.
>> But in recent years, many in Quebec,
especially independentlyowned stores
have been forced to close up shop. A
website called Depp Quebec tabulated
that 550 have shut down in the past 2
years.
>> A declining of tobacco sales, lottery
sales, but above all, excessive
government regulation. I used to sell
this chocolate 449
something like that. Now
$6.99 and then Ottawa tightened the
vaping and tobacco rules gutting the
last dependable revenue stream in the
entire sector. At that point the math
ain't math. If the biggest most
effective convenience chain in the
country couldn't survive these
conditions, smaller stores never stood a
chance. The shutdown isn't a surprise.
It's proof that Canada's retail base is
breaking under the weight of policies
and costs no businesses can absorb.
>> Take care, buddy. Thanks. Thanks, guys.
Thank you. Have a nice day.
>> At Brigesh Patel's convenience store,
well, it's called a deponer. In Quebec,
candy and lotto tickets come with a
large helping of friendly service.
>> I come for him honestly. And I'm not
joking around. He's very nice. He's very
polite, you know. He's like he's like
family. Like, you know, he makes you
feel like family.
But the cash register isn't ringing as
it once did. Patel says business is down
nearly 25% this year alone.
>> 7-Eleven's collapse isn't just a retail
issue. It's [music] proved Canada's
everyday economy is breaking where
Ottawa refuses to look. Prices climbed,
shelves thinned, supply chains cracked,
and now even 24/7 corner stores are
disappearing. When a global chain built
per thin margins can't function here,
the problem isn't the brand, it's the
country. 7-Eleven's exit is the warning
shot that bigger failures are already
moving in.
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