7-Eleven at 1319 Fenwick Lane in Silver Spring will permanently close on Wednesday, August 20, according to a report by Source of the Spring. The store is located on the lower level of the Arrive Silver Spring apartment complex.
Last year, CNN reported that 7-Eleven would close 444 “underperforming” stores across North America, citing declining sales, reduced traffic, inflation pressures, and a sharp drop in cigarette purchases. The closures represent about 3% of its portfolio, though the company says it is still expanding in growth markets and investing in food as competition from chains like Wawa and Sheetz intensifies…