![7 Eleven in Thailand. Illustration.](https://images.jfeed.com/cdn-cgi/image/format=jpeg,fit=contain,width=900/2024/05/29/5ccfabc0-1db3-11ef-90bc-6511137cc1af__h2908_w5509.jpg)
One and a half years ago, 7 Eleven opened 7 stores in Israel to some fanfare, including the Jerusalem Post, which proclaimed "Thank Goodness!" Now, according to a report by Ynet, it is closing its doors, having failed to penetrate a convenience store market saturated with choices.
According to Ynet, 7 Eleven cost Electra 68 million NIS in losses and apparently showed no real signs of a turnaround in 2024. Its assets will now be sold for 3.3 million NIS to 7 Express, a local convenience store operator.