{"id":101193,"date":"2025-02-09T14:20:00","date_gmt":"2025-02-09T03:20:00","guid":{"rendered":"https:\/\/en.econostrum.info\/au\/?p=101193"},"modified":"2025-02-09T14:18:28","modified_gmt":"2025-02-09T03:18:28","slug":"australian-pizza-maker-dominos-is-closing-more-than-200-stores-worldwide-after-major-losses","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/au\/australian-pizza-maker-dominos-is-closing-more-than-200-stores-worldwide-after-major-losses\/","title":{"rendered":"Australian Pizza Maker Domino\u2019s Is Closing More than 200 Stores Worldwide After Major Losses"},"content":{"rendered":"\n

Domino\u2019s Pizza Enterprises<\/strong>, the Australian-based master franchisee of the Domino\u2019s<\/strong> brand, has announced a dramatic decision to shut down 205 underperforming stores<\/strong> across its global network. The biggest blow comes in Japan<\/strong>, where 172 locations<\/strong> will be axed as part of an aggressive strategy to refocus operations on more profitable regions.<\/p>\n\n\n\n

Domino\u2019s Takes Swift Action Under New Leadership<\/h2>\n\n\n\n

The move comes just three months<\/strong> after Mark van Dyck<\/strong> took over as CEO and Managing Director. Wasting no time, he delivered a clear message: underperforming outlets have no place in the company\u2019s future.<\/p>\n\n\n\n

“When I started in this role three months ago, I said we would move decisively to reshape our business for long-term success,”<\/em> van Dyck stated.<\/p>\n\n\n\n

The closures, while costly upfront\u2014$97 million in one-off costs<\/strong>\u2014are expected to generate $15.5 million in annual savings<\/strong>, a long-term win for shareholders and franchise partners.<\/p>\n\n\n\n

Japan Takes the Biggest Hit<\/h2>\n\n\n\n

Japan\u2019s COVID-era expansion boom<\/strong> has backfired. Many of the now-doomed locations were opened during the pandemic, when demand for delivered food skyrocketed. However, as post-pandemic habits shifted and operational costs soared<\/strong>, these stores found themselves struggling to stay afloat.<\/p>\n\n\n\n

“Stores selected for closure have low weekly order volumes and limited ability to reach profitable weekly order counts in the near term,”<\/em> the company explained.<\/p>\n\n\n\n

Despite Japan\u2019s losses, Domino\u2019s still operates around 1,000 stores in the country<\/strong>\u2014a sign that the market remains valuable, but only for the strongest locations.<\/p>\n\n\n\n

Mixed Results Across Global Markets<\/h2>\n\n\n\n

While Japan was a major source of financial pain\u2014contributing to $45 million in regional losses<\/strong>\u2014not all markets performed poorly. Singapore, Taiwan, and Malaysia<\/strong> showed positive growth, proving that demand for Domino\u2019s<\/strong> remains strong in Asia.<\/p>\n\n\n\n

In Europe<\/strong>, sales remained in positive territory, despite a $20 million network sales loss<\/strong>. Meanwhile, Australia and New Zealand<\/strong> stood out as the only regions to report consistent growth<\/strong>, reinforcing the brand\u2019s stronghold in its home market.<\/p>\n\n\n\n

Despite the closures, the market responded with optimism. Domino\u2019s shares surged on the Australian Stock Exchange (ASX)<\/strong>, signaling investor confidence in the company’s strategic shift.<\/p>\n","protected":false},"excerpt":{"rendered":"

Domino\u2019s is shutting down over 200 stores in a bold survival move. A major market is taking the biggest hit, with millions in losses piling up. The company is betting on a leaner, more profitable future. Investors are already reacting\u2014here\u2019s what\u2019s happening.<\/p>\n","protected":false},"author":5,"featured_media":101196,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-101193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/posts\/101193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/comments?post=101193"}],"version-history":[{"count":4,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/posts\/101193\/revisions"}],"predecessor-version":[{"id":101198,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/posts\/101193\/revisions\/101198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/media\/101196"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/media?parent=101193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/categories?post=101193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/tags?post=101193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}