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Reasons for the closure of Walmart and BBK in Ganzhou
The reasons for the closure of Walmart and BBK in Ganzhou are as follows.

BBK announced that the company recently received a notice from BBK Investment Group Co., Ltd. (hereinafter referred to as "BBK Group Company") about the pledge of some of its shares. The pledged loan of BBK Group Company is HK$ 65.438+60 billion, accounting for 5.29% of its equity and 654.38+0.85% of the company's total market value.

With the decline of foreign countries and the harm of COVID-19 epidemic, physical retail supermarkets are becoming more and more difficult to do. In the first quarter of 2022, the expansion of new supermarket stores also showed some major performances.

According to the incomplete statistical analysis of Win Business Network, from June 1 year to March 2022, 14 supermarket enterprises (including traditional supermarkets/fresh food distribution supermarkets/discount supermarkets) opened 28 new physical stores. Among them, 10 traditional supermarket enterprises only have 5 new stores, with a total of 20 new stores, which are only the same.