Actually, at the end of last year, there were reports of some supermarkets going bankrupt, such as the sudden closure of Carrefour, a private supermarket in Loudi, Hunan. When it closed, it still owed suppliers more than 10 million yuan.
But at that time, the industry generally believed: this was only an isolated case and had no representative significance; in the face of crisis, as a low-price format, supermarkets would not承受suffer huge consumer shift pressure like department stores; besides, the Spring Festival was coming soon, and a large amount of consumer craze should be able to change the cash situation of supermarkets.