Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Famous Supermarket Suddenly Shuts Down, Foreign-Owned Supermarkets Continuously Withdraw From China" video.

  1. "Popular Supermarket Chain in China Faces Sudden Closure, Sparking Concerns About Economic Challenges and Job Losses as Foreign-Owned Supermarkets Withdraw from the Market" 💼 Shanghai resident discovers sudden closure of popular supermarket chain, raising concerns about job losses and economic challenges. 00:00 Shanghai resident finds nearby supermarket closed with shelves neatly arranged and products still on display. 00:00 Customers express surprise and disappointment at the sudden closure of the budget supermarket chain. 00:17 Residents lament the impact on employees and the convenience of the supermarket's closure. 00:31 Concerns raised about the challenging business environment in Shanghai and unexpected unemployment. 01:14 Speculation on reasons for closure includes potential exit from Chinese market or struggle in competitive sector. 02:03 Personal experiences at the supermarket highlighted positive consumer experiences and pleasant store layout. 02:10 Leaked letter suggests supermarket's long-term losses and financial struggles. 02:33 💼 Beair supermarkets faced financial crisis and sudden closure, sparking sympathy and concern among netizens. 02:40 Beair's board suspended operations and assessed assets and liabilities due to a deteriorating retail market environment. 02:40 Former CEO Gia Hong bin revealed that the core reason for the shutdown was a cash flow interruption. 03:00 Beair received multi-million Yuan long-term financing from Argan Capital to support its expansion. 04:20 Founder Philip Spangenberg stepped down from his roles at the end of 2021, succeeded by Chinese National Jah hongin. 04:49 Beair's board had discussions with potential buyers to sell the business, but nothing was finalized. 05:11 Insiders revealed that some Beair stores couldn't pay rent and there were delays in payments to suppliers. 05:17 Industry saturation and fierce competition from entities like Fresh IO Outlets posed challenges for Beair in the domestic market. 05:37 📉 China's physical economy, including supermarkets and large retailers, is facing closures and challenges due to declining sales and economic downturn. 05:51 Covid-19 impact on China's economy and consumer behavior 05:51 Closure of Carrefour in Shanghai and its impact 06:11 Struggles of other foreign retail giants like Walmart and Tesco in the Chinese market 07:22 Closure of the last Pacific department store in Shanghai 08:33 Exit of local Chinese supermarkets from the market 08:39 Challenges and operational difficulties faced by local Chinese supermarkets 08:46 Current situation inside a department store in Tian district 09:00 🛒 The decline of China's supermarket giants due to financial difficulties and store closures. 09:32 China's leading supermarket, China resources Vanguard, has been closing down stores due to financial challenges. 09:32 Yungui Superstores, another supermarket giant, is facing operational difficulties and high debt ratios. 10:02 Yungui has been selling assets to survive debt troubles, including selling shares and closing stores. 10:46 Despite being one of the top 500 enterprises in China, Yungui has been experiencing losses and declining store count. 11:31 In 2023, Yungui's revenue decreased by 12% year-on-year, and its net profit also declined significantly. 11:55 Yungui briefly turned a profit in Q1 but incurred losses in Q2 and Q3, leading to a significant overall loss. 12:10 In 2023, Yungui closed 20% of its stores nationwide, indicating a significant decline in its business operations. 12:20 📉 The Chinese retail market is experiencing a significant slowdown, leading to closures of major supermarkets and malls, impacting the real estate sector and contributing to a projected economic growth decline for China. 12:29 12:29 - Over 400 store closures in 2 years with a 7% closure rate 12:29 12:36 - Crowds in physical supermarkets and malls are recovering, but sales remain below expectations 12:36 12:41 - 14 major supermarket companies facing losses, with 9 incurring losses in 2022 and 4 continuing to suffer losses in 2023 12:41 12:49 - Supermarkets experiencing revenue declines compared to the previous year, hoping for a rebound post-pandemic 12:49 13:02 - Some companies lacking confidence in market turnaround, choosing to close upon lease expiration 13:02 13:28 - Closures among large retailers reflecting a broader economic slowdown in China 13:28 13:41 - China's economic growth expected to slow from 5.2% in 2023 to 4.6% in 2024, with factors like real estate market slump and weak consumer spending contributing to the outlook 13:41
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