Zhou Daisheng Closed Over 500 Stores in 2025 Due to Weak Sales, Expects Improvement

GateNews
According to Jin10 data, on May 18, jewelry retailer Zhou Daisheng held an earnings call, addressing the closure of over 500 stores in 2025. The company attributed the store reductions to two main factors: weak consumer demand for gold jewelry and consolidation of franchisee stores. The company noted that its total number of franchisees remained unchanged, indicating the closures were primarily smaller locations being merged. Zhou Daisheng projected that store closure rates would improve as gold consumption strengthens.
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