Luckin Coffee responds to that 80 stores to be closed in Beijing
In response to the report that Luckin Coffee will close 80 stores in Beijing, the firm responded that it was a strategic adjustment. 1) On May 15, Luckin Coffee has begun to shrink its stores. Among the more than 400 stores in Beijing, nearly one-fifth will be closed this year. 2) It is understood that the shop along the street on the first floor of Block B of Hongkun Plaza in Daxing District, Beijing, Luckin Coffee decided to close this store a month ago, and removed the equipment and remaining materials on May 14, leaving only empty bar counter. 3) In response, the person in charge of Luckin Coffee said that due to the impact of the epidemic and other related factors, the company is indeed optimizing its normal stores, and closing and transferring for those stores with poor benefits or overlapping customers, while continuing to open new stores, this is also the company's store strategy adjustment.