The line graph demonstrates the number of closed stores and opened ones in a period of seven years starting from 2011. In general, the two lines fluctuated significantly thoughout the period. It is also notable that despite starting with higher number of shop, the newly opened shop’s figure was dominated by that of closed one.
The line graph displays the number of shop closures and new openings in a country from 2011 to 2018. Here’s a summary of the key trends observed:
In the first half of the period, the number of new shop openings experienced a sharp decline, falling by more than half from over 8,000 in 2011 to around 4,000 in 2012. After this drop, the figure fluctuated, showing a slight increase in 2014 before stabilizing for two years from 2015. Starting from 2016, new shop openings began to decrease gradually, reaching 3,000 in 2018.
As for shop closures, 2015 witnessed the most significant decrease, dropping to around 1,000, the lowest point in the period. This was followed by a sharp increase in 2016, where closures rose to approximately 5,000. From 2016 to 2018, the number of closures remained relatively stable, maintaining a level around 5,000 each year.
In summary, while shop openings showed a consistent downward trend after a brief period of stability, shop closures fluctuated more dramatically, with a notable drop in 2015 and a subsequent rise that stabilized from 2016 onwards.