Articles by 酸奶盖

Flash Sale Discount Stores Enter Knockout Stage

In less than three months, from opening franchising to bankruptcy liquidation, the trendy flash sale discount store Boom Boom Mart (also known as 'Prosperity Market') suddenly collapsed. According to information on Qichacha, in March this year, the parent company of Prosperity Market, Shanghai Bengbeng Miao Technology Co., Ltd., claimed in a contract dispute over unpaid supplier loans that its business had stalled, had no cash flow, and was preparing to apply for bankruptcy. Recently, New Retail Business Review visited the Prosperity Market store on Shanghai University Road and found that, apart from employee uniforms and the cash register management system, HotMaxx had taken over the store unchanged.