超1.7万家实体店，倒在2025上半年

Core Viewpoint - The retail industry in China is undergoing significant adjustments, with a notable increase in store closures across various sectors, including supermarkets, department stores, tea and coffee shops, and apparel brands, driven by changing consumer habits and market dynamics [2][3][7][9][12][19][24]. Supermarket Sector - In the first half of 2025, at least 720 supermarkets closed, including major brands like Yonghui and Walmart, due to factors such as operational strategy adjustments and lease expirations [4][6]. - The online retail growth rate of 8.5% significantly outpaces the 3.75% growth in offline retail, indicating a shift in consumer shopping habits towards online platforms [7]. - Traditional supermarkets face challenges from aging infrastructure and expiring leases, prompting a shift towards closing underperforming stores and enhancing online operations [8]. Department Store Sector - The department store retail total saw a 1.2% year-on-year increase in the first half of 2024, recovering from a 3% decline the previous year, but still lagging behind overall retail growth [9]. - At least 23 department stores and shopping centers closed in the first half of 2025, with closures attributed to outdated business models and lease expirations [10][11]. Tea and Coffee Sector - A total of 6,673 tea and coffee shops closed in the first half of 2025, reflecting a market reshuffle [12][15]. - Major brands like Xinyue and Nayuki saw significant store reductions, with Nayuki closing 159 stores, marking an 18.32% decrease in its total store count [15][18]. Apparel Sector - The apparel retail sector experienced a 3.1% year-on-year growth, which is below the overall retail growth rate of 5.0% [19]. - At least 4,563 apparel stores closed in the first half of 2025, with brands like Semir and H&M leading in closures due to high inventory levels and outdated brand appeal [20][23]. Cinema Sector - The cinema industry faced a high vacancy rate of 30-40%, leading to the closure of at least 38 cinemas in the first half of 2025 [25][26]. - Factors contributing to the cinema industry's struggles include high fixed costs, reliance on film content for revenue, and competition from streaming platforms [26]. Other Industries - Other sectors, such as the pet industry and home improvement, also experienced closures, indicating a broader trend of contraction across various retail formats [28].