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Where have all the 7-Eleven stores gone?

Ken Little
StarNews
7-Eleven logo

The beginning of the end was a leveraged buyout in the late 1980s.

The quest for a Slurpee still involves crossing state lines. But there is hope for the future, 7-Eleven spokeswoman Carole Davidson Ragona said.

Ragona said the beginning of the end for the company in North Carolina was a leveraged buyout in the late 1980s.

“Interest rates at that period in time were in the teens and the company struggled with the debt burden. It ultimately declared bankruptcy and restructured in the early 1990’s,” she said. “As part of that restructuring, the company sold off non-core assets and businesses and stores in several areas of the country like Atlanta, Houston, and Wilmington.”

Today, the Dallas-based company is growing again and currently operates about 7,000 stores in the U.S., Ragona said.

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One Response to “ Where have all the 7-Eleven stores gone?”

  1. On May 24, 2011 at 8:29 pm Wayne wrote:

    1. It appears there are a few 7-Eleven stores in N.C. http://www.7-eleven.com/Locator.aspx so it’s possible to get a Slurpee without crossing state lines.

    2. In 2000 or 2001, I was on a house hunting trip to the Port City. After checking into a College Rd. motel, I decided to venture out to find a 7-Eleven and get a huge Slurpee. After driving around for about 20 minutes and failing to find a 7-Eleven, I gave up. And moved to Wilmington anyway – sans 7-Elevens!



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