Hundreds of “underperforming” 7-Eleven stores across North America are closing, the convenience store announced Thursday.

Convenience-store chain 7-Eleven is closing hundreds of "underperforming" stores in North America, its Japanese-owner said.

The company cited slow sales, declining traffic, inflationary pressures, and a decrease in cigarette purchases among the reasons why some stores are closing.

There are more than 13,000 7-Eleven stores across the United States, Canada and Mexico. Seven & i Holdings has around 85,000 stores total, mostly in the U.S. and Asia. "Aligned with our long-term growth strategy,