Core Insights - In the second week of August, a total of 20 chain brands closed at least 20 stores across various industries [1] Industry Summary - **Restaurant Sector**: 10 restaurant stores closed, including 2 coffee shops and 2 tea shops [3] - **Fashion Sector**: 2 fashion stores closed, specifically Other Stories and TAGME [3] - **Sports Sector**: 2 sports stores closed, both targeting the children's market, potentially impacted by declining birth rates [3] - **Luxury Goods**: The GUCCI store in Guiyang closed due to strategic adjustments, following a trend of luxury brands exiting the market [3][6] Company-Specific Summary - **Apple Store**: The Apple Store in Dalian closed on August 9, marking the first closure of an Apple retail store in mainland China. The closure was attributed to the departure of multiple retailers from the Dalian Century Plaza shopping center [4][5] - **GUCCI**: The GUCCI store in Guiyang closed, following the exit of other luxury brands from the same shopping center, indicating a potential chain reaction affecting secondary brands [6][7] - **Economic Context**: Guiyang's GDP has been steadily increasing, reaching 577.741 billion yuan in 2022, with a growth rate of 6%. However, the affluent consumer base remains limited, with only about 3,600 households having a net worth of over 6 million yuan, which constrains high-end consumption [8]