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Is linji convenience store financially tired?
tired. The reasons for the financial fatigue of several convenience stores include high rent, improper inventory management, fierce competition, insufficient marketing and poor supervision. Convenience stores often need to be located in bustling commercial areas or crowded lots. The rents in these lots are relatively high, which becomes an important part of the operating costs of convenience stores. If the rent ratio is too high, it will bring great pressure to the operation of convenience stores. Convenience stores operate a wide variety of goods, and improper inventory management can easily lead to too many unsalable goods, thus causing financial losses. The fierce market competition often requires attracting consumers at low prices, but this will lead to a lower profit rate and bring great pressure to the operation of convenience stores.