Chinese Supermarket Chains Hit Speed Bumps in Post-Pandemic Recovery

China’s largest supermarket operators are struggling to recover from the pandemic as weakening demand continues dragging on sales.

Seven out of the 14 publicly traded supermarket chains reported year-on-year declines in first-quarter sales, according to their financial reports. Four of them posted a net loss during the first three months, compared with nine that were in the red for all of 2022.