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Reasons for the collapse of Taixing Yonghui Supermarket
Poor passenger flow Yonghui Supermarket closed many offline stores because the environment in 2022 led to poor management of many physical stores, poor passenger flow and poor sales. Therefore, in order to save costs, Yonghui Supermarket has also closed many stores. Yonghui Supermarket is one of the earliest circulation enterprises in Chinese mainland to introduce fresh agricultural products into modern supermarkets. It was praised by seven ministries and commissions of the country as a model for the promotion of "changing agriculture into supermarkets" and was praised by the people as "people's livelihood supermarket, people's Yonghui".