On April 16, McDonald’s Japan announced it would be closing 130 stores this year. Add to this the franchises that don’t plan on renewing their contracts, and the number of lost outlets tops 190.
The fast food giant has 3,000 in Japan, so maybe that 190 doesn’t sound like much, but when you look at the company’s recent performance, it’s obviously in trouble: a 14.4 percent annual drop in revenue, putting it ¥38 billion in the red. So far the company hasn’t announced which stores will be closed, thus causing anxiety for workers as well as customers in remote areas where, for what it’s worth, McDonald’s may be the only fast food restaurant available.
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