Due to the impact of the epidemic, 150 stores were closed this time, 100 stores were closed in Japan and 50 stores were closed overseas. Of the stores closed overseas, 60% came from China. This is somewhat surprising. With the epidemic in East Asia gradually under control, business is slowly recovering, and it seems unreasonable to close stores. But Yoshinoya was forced to take such measures.
Affected by the epidemic, Yoshinoya has also lost 600 million yuan in the first and second quarters of this year. A high loss can only make it temporarily close some stores and maintain the remaining stores for operation. In the Asian market, although the control of the epidemic has increased people's consumption, compared with the expensive rent and labor, the profits earned cannot be offset at all. Of course, closing stores is the best way to turn losses. It is better to have no profit than to continue to lose money. On the other hand, in the American market, there is basically no news that Yoshinoya has closed the store, which is related to the policies of the local government. The local government has adopted a laissez-faire policy, and the flow of people in shopping malls has not decreased, and people's consumption level has not decreased. Therefore, there is no need for Yoshinoya to reduce its stores in the United States.
In fact, Yoshinoya is only the epitome of many chain restaurants. Under the influence of this epidemic, all chain restaurants will suffer losses more or less. In the case of continuous losses, layoffs and closing stores have become the best way to stop losses. When the epidemic situation is gradually controlled and people's consumption level gradually returns to normal, it is possible to make up for the losses in the epidemic situation by resuming business, which is also a huge challenge facing the catering industry now.