From the Liveblog of
Wednesday, May 29, 2024
7-Eleven set to close all stores in Israel a year and a half after opening
Sharon Wrobel is a tech reporter for The Times of Israel.
US convenience store mega-chain 7-Eleven, which opened its first store in Israel in January 2023, is set to close its doors and shut down its operations in the country.
The local chain was established as a partnership between 7-Eleven and Israel’s Electra Consumer Products, which is selling the stores to Israeli convenience store chain Seven Express for NIS 3.4 million. The Seven Express chain will buy Seven Eleven’s eight stores and turn them into its local Seven Express stores.
When 7-Eleven opened its first Israel store, in Tel Aviv, it was greeted by long lines of customers. Electra was slated to open some 30 branches across the country by the end of 2024, but the initial hype waned. Only 10 stores were opened, of which two have already been closed.
In Israel, 7-Eleven stores sell signature items like Slurpees, a slushed ice drink, in addition to Israeli snacks, ready-to-eat takeaway meals, and basic home supplies.
