close its doors

close its doors  {v. phr.}
1. To keep someone or something from entering or joining; become closed.
The club has closed its doors to new members.
2. To fail as a business; go bankrupt.
The fire was so damaging that the store had to close its doors.
Business was so poor that we had to close our doors after six months.
Compare: CLOSE THE DOOR.
Contrast: OPEN ITS DOORS.
Categories: business verb

'close its doors' on video