The line chart depicts the number of shop closures and openings in a specific area from 2011 to 2018.
It is clear that the number of closed consistently outweighs the number of new shop openings throughout the period, except for a short period in 2014 when they were almost equal.
In 2011, the number of closed and open stores began at about 6500 and 8500 respectively, indicating that more shops were opening than closing. However, the sections had a significant decrease in 2012 to reach 6000 closed shops and 4000 new shops. The number of closed and newly opened shops was 7000 and 5000, respectively, in 2013, which means an increase of about 25%. While the new stores continued to increase at 6000, the closed shops decreased gradually to about 6500 in 2014.
Furthermore, in 2015, the number of store closures dramatically dropped to just 500, while the number of new shops experienced a slight decline, falling to 4,000. From 2016 to 2018, the number of store closures remains stable. The number of newly opened stores decreased sharply from 4000 to 3000 during those years.