Store closures refer to the process of shutting down retail outlets or establishments, often resulting from various factors such as economic downturns, shifts in consumer behavior, financial difficulties, or corporate restructuring. This can involve the permanent closing of a store location or temporary closures due to specific circumstances like renovations or crises such as health emergencies. Store closures may lead to the loss of jobs for employees and can impact local economies, particularly if they involve large or popular retail chains. The term can also encompass the broader implications for businesses and communities when stores shut their doors, including changes in commercial real estate, competition among remaining retailers, and changes in customer shopping habits.
Domino's Pizza plans to close around 172 outlets in Japan, affecting nearly 20% of its market presence. This strategic shift focuses on enhancing profitability and concentrating efforts on more promising…