World News ‘Loss-making’: Pizza chain Domino’s set to slash stores in Japan, France to deliver cost savings Blog

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The ailing pizza chain Domino’s plans to close up to 110 loss-making branches in Japan and France in order to cut costs and create a “foundation for future growth”.

In a trading update after the market close on Wednesday, Domino’s announced that it would close up to 80 “low-volume” stores in Japan.

In France, the company expects to close 20 to 30 stores. However, Domino’s says the closures will be offset by the opening of 10 stores.

The closures in both international markets are expected to be completed in the first half of fiscal year 2025.

“These low-volume stores are overall loss-making and the closures will have a positive impact on earnings, which will be reinvested in additional marketing and advertising to reach more customers and increase orders in this low-frequency market,” the company said of the closures in Japan.

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