Domino's Pizza to shut 20% of Japan stores to streamline operations

Domino's Pizza Enterprises Ltd. said Friday that it will close 172 stores in Japan, nearly 20 percent of its about 1,000 locations in the Asian country, to narrow its market focus and improve profitability.The Australian company, the parent firm of Domino's Pizza Japan Inc., rapidly extended its store network during the novel coronavirus pandemic that began in early 2020, but it later suffered from a decline in demand as the impact of the outbreak waned."Japan is an attractive market," but "some of our COVID-period expansion resulted in stores that simply weren't optimal based on our curren…READ FULL ARTICLE