Core Insights - The recent wave of store closures has significantly impacted the supermarket sector, with a total of 8 stores shutting down across various brands, including Yonghui Supermarket, CR Vanguard, and Daitonghua Supermarket [2][4] Supermarket Sector - Daitonghua Supermarket has closed two long-standing stores, with the Tai Xing store operating for 14 years and the Dan Yang Development Zone store for 19 years, primarily due to long-term losses [3][4] - CR Vanguard's store in Hangzhou, which was previously a Tesco store, closed due to lease expiration after operating since 2005 [3] - The newly opened Dehong Supermarket, which had been in operation for less than a year, closed due to lease expiration and increased competition from a nearby Hema store [3][4] - The closure of the Jiatailai Supermarket is part of an upgrade and renovation plan, with a new store expected to open in January 2026 [3] Restaurant Sector - A total of 11 restaurant locations have closed, including notable brands such as Hailofang, Penggengji, and Shanghai Old Restaurant, which has a history dating back to 1875 [4][5] - The Shanghai Old Restaurant closed two locations after 6 years of operation each, leaving only the original location still in business [4] - The tea beverage sector also saw closures, with brands like Nayuki and Peach Uncle closing stores due to lease expirations [4] Bakery Sector - The Jing'an Bakery has undergone significant downsizing, closing at least 33 out of 36 locations, while retaining only three stores [5] - The company is facing bankruptcy proceedings due to an inability to settle debts, although it claims that its direct operations remain unaffected [5] Education Sector - The education sector has also been affected, with the Bell Robot Programming Center closing at least 5 locations due to poor management [6] Other Sectors - Various other sectors, including retail, apparel, and entertainment, have seen 1-2 store closures each, indicating a broader trend of market optimization and restructuring [6]

Core Viewpoint - The article highlights a significant trend of store closures across various brands and industries, particularly in the food and beverage sector, indicating a potential shift in consumer behavior and market dynamics [4]. Group 1: Store Closures - A total of 13 brands closed at least 81 stores in the fourth week of May [4]. - Notable closures include 4 supermarkets, all belonging to Yonghui Supermarket, and 70 restaurants, with 66 of these in the tea and coffee sector [7]. - Seven Bus is undergoing a large-scale closure, with only 7 stores remaining operational nationwide [7]. Group 2: Industry Adjustments - Heytea is strategically adjusting its operations, having closed at least 3 stores recently, and has reduced its total store count from 4472 to 4371 within three months [7][8]. - The company aims to enhance store quality and customer experience, aligning with its decision to halt franchise expansions [8]. - The luxury market is also experiencing significant changes, with Bottega Veneta closing its store in Shanghai's Daimaru department store, marking a total of 5 closures in six months [8].