Answer:
Defensive strategy
Step-by-step explanation:
Defensive strategy is the kind of strategy or technique which is defined as tool of marketing which help the companies in retaining or keeping the valuable customers or consumers, that could be taken away by the competitors.
Competitors is defined as those firms or business or other firms who located in the category of same market or sell the similar products to the same group or segment of people.
So, in this case, the company reduced the number of locations because of retirement approach and increased competition in the market. Therefore, it represent the defensive strategy.