Group 1 - The retail industry has surpassed industrial and real estate sectors to become the most challenging sector in the current European business environment, as indicated by the latest report from the Weijia Law Firm [1] - The retail and consumer goods sector is facing a triple pressure of shrinking non-essential consumer spending, narrowing profit margins, and tightening credit conditions, leading to the highest distress index since the 2009 global financial crisis [1] - The distress in the retail sector has accelerated significantly since the last assessment in April, with the industry ranking worsening by two positions, indicating a rapid deterioration [1] Group 2 - The report highlights a "cliff-like" increase in distress over the past three months, with uncertainty in tariff policies disrupting supply chains and directly impacting retailers reliant on the U.S. export market [1] - In May, the overall business pressure in Europe reached a near nine-month peak, with seven out of ten monitored industries experiencing worsening conditions compared to the previous quarter [2] - Germany continues to lead the "distress leaderboard" with significant disadvantages, reflecting the structural challenges faced by the European economic powerhouse [1][2] Group 3 - The current business distress is characterized by increased cash flow pressure, declining profitability, rising bankruptcy risk index, widespread asset valuation shrinkage, and systematic decline in investment returns [2] - Multiple macro-level factors, including geopolitical tensions, rising trade protectionism, ongoing conflicts in the Middle East and Eastern Europe, and global financial market volatility, are collectively raising business operational risks [2] - Despite adjustments in central bank policies and government relief measures, the dual pressures of liquidity tightening and weak demand faced by businesses have not shown signs of fundamental alleviation [2]