Food
Chinese retailer Golden Eagle says its Hefei Baihuajing Store and Dadongmen Store will suspend operations from Sunday May 10, due to a lease dispute and subway renovation.
Golden Eagle Retail Group said in a statement that the dispute relates to property rights and constraints in operational conditions.
“Our Baihuajing Store is located at a leased property, which is owned by a third party. A property rights dispute has led to insurmountable difficulty in carrying out our normal operation in Baihuajing Store.
“Meanwhile, the operation of our Dadongmen Store, which has long been affected by subway construction, is unable to meet Golden Eagle’s consistent standards for customer service. Upon serious consideration, the group has decided to suspend the operation of the two stores”
Golden Eagle said the suspension of operations would have little material impact on the group’s overall operations and sales.
“The total gross floor area of the group’s retail chain stores is 1,534,387 sqm, while that of Baihuajing Store and Dadongmen Store are 12,294 sqm and 10,356 square meters, respectively.”
“Despite the suspension of operation of Baihuajing Store and Dadongmen Store, Golden Eagle will continue to provide customers in Hefei with outstanding and thoughtful services. VIP customers and holders of Golden Eagle’s other membership cards can enjoy the same services in our Hefei Suzhou Road Store (4 Suzhou Rd, Luyang District, Hefei City) or any other Golden Eagle stores all over the country.
“In addition, our Hefei Suzhou Rd Store will continue to offer one-stop aftersales service to customers for products return or exchange to ensure satisfactory shopping experience,” Golden Eagle said.
