Why did Kuandi Furniture go bankrupt?

The market is saturated and product quality issues arise.

1. According to the query information of Qichacha, it has closed down as of November 6, 2023, and the market is saturated: mature markets pay more attention to quality and service, while emerging markets pay more attention to value and price, and market competition is saturated. And intense.

2. Product quality problems: Quality problems in furniture products will lead to user dissatisfaction and increased return rates, which will lead to reduced profits and company bankruptcy.