Restaurant Brands International(US:QSR) 3 6 Ke·2025-11-03 12:59Summary of Key Points Core Viewpoint - The recent wave of store closures has predominantly affected the restaurant sector, with a total of 17 closures, accounting for 51.51% of the total closures reported. This trend highlights the challenges faced by various brands in adapting to changing consumer demands and operational strategies [2]. Group 1: Restaurant Sector - The restaurant category saw the highest number of closures, totaling 10, which includes well-known chains such as KFC, Burger King, and Haidilao [2]. - Burger King has experienced a significant reduction in its store count in China, dropping from 1,474 stores at the end of 2024 to 1,367 by mid-2025, marking a net decrease of 107 stores within six months [3]. - The KFC restaurant in Nanjing, which opened in 1996, has closed after 29 years of operation, indicating a shift in consumer preferences and market dynamics [4]. Group 2: Bakery and Coffee Shops - In the bakery segment, 85°C closed its last store in Beijing, which had been operational for 14 years, while other closures included stores from brands like Sanwen Yibei and Wushi Special Bun [5]. - Starbucks closed its first store in Taiyuan, which had been in operation for over 10 years, attributed to decreased foot traffic and changing consumer behavior in the area [5]. Group 3: Supermarkets and Malls - Four supermarkets, including Yonghui and Daitonghua, announced closures, with Yonghui's store in Hefei marking the 11th closure for the brand in the area [6]. - Two malls, including the Yinzuo Mall in Qingzhou, closed due to lease expirations, reflecting the ongoing challenges faced by physical retail spaces in adapting to market changes [6]. Group 4: Other Industries - Other sectors, including sports, education, apparel, and bookstores, collectively closed 10 stores, indicating a balanced distribution of closures across various industries without a single sector dominating the trend [6].