The line chart depicts the number of shop openings and closures in a specific country over an eight-year period, from 2011 to 2018. Overall, it is evident that the number of shops closing was consistently higher than those opening, with exceptions in the initial year and in 2015.
In 2011, slightly more than 6,000 new stores were launched, while 8,500 were closed. Despite closures outnumbering openings, there was a significant reduction in closures to 4,000 in the subsequent year, which is over half the figure from the first year. Following this, the number of store closures saw a gradual increase, reaching around 6,000 by 2014. Meanwhile, the number of new shops opened experienced fluctuations, ending up at similar levels in 2011 and 2014.
During the latter half of the timeframe, the number of new shops opening stabilized at 4,000 annually from 2015 to 2017, before slightly declining to 3,000 in 2018. Conversely, closures dramatically fell to just below 1,000 in 2015, then surged to approximately 5,000 the next year, maintaining this level through to the end of the period.
