Definition, Meaning & Synonyms

store-closure

noun

/stɔːr ˈkloʊʒər/

Definition

The act of shutting down a retail establishment, often due to financial difficulties or strategic business decisions.

Examples

The store-closure affected many employees who were laid off.
After a series of losses, the company announced its store-closure plans.
Local residents were upset about the recent store-closure in their neighborhood.

Meaning

Store-closure refers to the process when a business decides to permanently or temporarily close its physical retail location. This can happen for various reasons, including poor sales performance, changes in market demand, or a shift to online shopping.