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.