Out of business

usgb
phrase

When a company or shop stops operating, usually because it was not making enough money.

The small bookstore on our street went out of business because of the competition with online retailers
Visual representation of "out of business" - When a company or shop stops operating, usually because it was not making enough money

Often appears as...

  • go out of business
  • put out of business
Definition 1 of 2
Visual representation of "out of business"
LampPro Tip 1/3

Economic Failure

Used to indicate that a business has stopped making money and cannot continue.

Illustration for Economic Failure
Many restaurants go out of business within their first year.
LampPro Tip 2/3

Permanent Closure

Often implies that the shutdown of operations is permanent, not just a temporary break.

Illustration for Permanent Closure
Once a shop is out of business, it rarely reopens.
LampPro Tip 3/3

Not Bankruptcy

Does not always mean the company has gone bankrupt; it could close for other reasons.

Illustration for Not Bankruptcy
The owner retired and put the store out of business.
Visual representation of the word "Out of business"

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