Domino's closure of Japanese stores sparks share surge
The announcement is the first major move by chief executive Mark van Dyck, who joined four months ago.
Sales in Japan boomed over COVID-19, but have fallen significantly at some stores since the pandemic.
Shares in ASX-listed Domino’s Pizza traded more than 20% higher today after the company announced the closure of 205 stores, the bulk of them in Japan.
In a trading update, the company said that it had completed a “detailed operational and financial review to create a simpler and better
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