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Zhongbai Group to Close 30 Stores, Estimated Losses of 180 Million Yuan | Retail Giant
Summary by 大纪元 Epoch Times
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The closed stores are mainly located in Wuhan, Suizhou, Xianning, Yichang, Huangshi and other places in Hubei Province, with opening times ranging from 2005 to 2022. Among them, 23 stores closed due to long-term losses, and 7 stores withdrew due to contract expiration. Some stores had an operating cycle of more than 20 years, while others closed down after only three years of operation.
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