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MCDONALD’S WILL CLOSE HUNDREDS OF STORES THIS YEAR


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"The limits of my language are the limits of my world." ——Ludwig Wittgenstein

mcdonalds closes stores

McDonald's has been making headlines over the past few years.Now, the corporation has made headlines again after they announced that several hundred stores will be closing over the next year because of rapid declines in sales.

The company shuttered 350 poorly performing stores in Japan, the US, and China the first three months of 2015 as part of its plan to boost its sagging profits. The previously unannounced closings, disclosed during a conference call with Wall Street analysts, are on top of the 350 closures targeted for the year. While the 700 store closings this year represent a fraction of the 32,500 or so restaurants worldwide, it shows how aggressive McDonald's is getting in pruning poorly attended locations that are dragging down its results.

McDonald's reported an 11 percent decline in sales and a 30 percent decline in profits in the first three months of this fiscal year, and are pruning their lower performing stores across the United States, Japan, and China in order to direct more attention to their 32,500 other locations across the globe.

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