By STEPHEN JOHNSON FOR DAILY MAIL AUSTRALIA

Published: 01:44 GMT, 7 February 2025 | Updated: 02:03 GMT, 7 February 2025

Domino’s Pizza Enterprises will close down more than 200 stores, including some based in Australia.

The pizza giant told the Australian share market it would shut 205 unprofitable stores, including 172 in Japan and the remaining locations spread across Europe and Australia.

Domino’s chief executive Mark van Dyck said the closures were part of a strategy review.

‘When I started in this role three months ago I said we would move decisively to reshape our business for long-term success,’ Mr van Dyck said.

‘Where change is required, we are acting quickly and transparently.’

RBC Capital Markets analyst Michael Toner called the store closures a ‘logical’ decision based on Japan’s trading outlook.

‘We believe investors should view positively the company’s view towards restoring network health in Japan through store closures and focus on profitable growth,’ he told the ABC.

Domino’s shares were 21.6 per cent firmer at $36 by 1pm AEDT, following the trading update for the first half of 2024-25. 

Domino’s Pizza Enterprises will close down more than 205 stores, including some based in Australia

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Domino’s Pizza to close down hundreds of stores

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