Retail in Asia

In Sectors

Ailing McDonald’s Japan accelerates outlet closures, to have 190 shuttered before Feb

McDonald’s Holdings Co. (Japan) is accelerating the closures of outlets to cope with its deteriorating earnings traced to its loss of customer trust.

The company is planning to shut 190 restaurants in the nation, including large outlets in urban areas, by the end of January.

McDonald’s appears to be the sole loser in the current Japanese market, with some rivals seeking to open outlets at the locations of closed McDonald’s restaurants.