Yum! responded that the China market will not be affected. In addition, Pizza Hut stores sold in the United States will adjust their capital structure so that they can quickly revive.

In fact, the relationship between Yum! Brands and the Pizza Hut stores closed in the United States belongs to wholesalers and distributors. Therefore, for the closure of dealers, the internal impact of Parkson Group is not particularly great.

The company that closed its stores is NPC, which is the largest distributor of Pizza Hut, with 1227 Pizza Hut stores in its hands. This time, 311 stores will be closed, that is, 1/4 of their hands, and the remaining 911 stores will be sold.

They think that Pizza Hut's product innovation is not strong enough, and its positioning among brands of the same type is not clear. The dishes are too chaotic and have no characteristics of their own, so their sales have not been able to go up.

In addition, the 311-odd stores he closed are basically based on dining, that is, they must go to the store to eat, and cannot be sent out in the form of take-out. They think that these stores have not improved in the past twenty or thirty years, and they have always been in a state of half death.

this time, affected by the epidemic, the store will spend an extra $751,111 every month. So there is no need for these shops to survive, so they all shut down. As for other shops that are still alive, I am ready to find a next home now.

Parkson Group also promised that if it finds its next home, it will give corresponding guidance when it runs in the Pizza Hut store. Bring them structural adjustment, supervise their financial situation, and enable them to operate in healthy financial regulations. In addition, it will give them guidance in operation so that they can survive better.

In addition, Yum! believes that although the global epidemic situation is serious now, China's performance in the epidemic situation is very good, so more than 811 new stores will continue to open in the future. Moreover, Pizza Hut in China is not the same as that in the United States, so it will not be affected in China.