US-based convenience store chain 7-Eleven said it is to follow its Asian model by opening smaller stores in North America to cut investment costs.

According to press reports, 7-Eleven has closed a number of unprofitable stores Stateside and that within two years, small 1,000 sq ft stores would account for about 50% of its North American operations, compared to the current 10%.

The company plans to add around 2,000 stores to its 17,500 Asian franchises next year, in Japan, Korea and Thailand. 7-Eleven said it is focusing on breaking into China, with its Taiwanese and Japanese franchise operators looking for a Chinese partner to open stores in Beijing.