Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Total Collapse of China’s Apparel Industry: Factories Bankrupt, Wholesalers Give Up, No Vendor Sales" video.

  1. 😔 The once-thriving Chapo Road wholesale market in Shanghai has now become a desolate and empty place, with many shuttered shops and remaining businesses struggling to make any sales. 00:00 Chapo Road wholesale market used to be bustling with crowds, but now sees many shuttered shops and remaining businesses experiencing days with zero sales. The impact of the pandemic on the physical economy is truly significant, with the market now much less crowded and many shops empty and abandoned. Half of the storefronts at Chapu Road wholesale Market are unexpectedly available for rent, indicating the market's decline in former glory. 🛍 The clothing retail industry in Kaai Chungam and nearby markets is struggling, leading to a significant decrease in customers and stagnant inventory. 03:15 Over 100 shops on the third floor of Lanfu Fashion City are now closed or turned into warehouses, with only a few still operating. The downturn in business at Chipu Road reflects the broader challenges faced by the entire brick and mortar clothing retail industry. The clothing wholesale market is at a standstill, with no business since November, leading to a lack of confidence in the market. 📉 The apparel industry experienced significant downturns and widespread store closures in 2023, leading to financial losses for major companies. 06:03 Apparel industry experienced significant downturns and highest number of brick and mortar store closures. PEBG Group Company Limited experienced a 21% drop in revenue and reported its first loss since going public. Peace Bird and Halen Home both faced rapid decline and significant store closures, indicating negative growth in the first quarter of 2023. 💼 The high-end clothing brand Jang G has declared bankruptcy as a result of declining sales and insufficient order volumes, leading to its parent company Rui Group facing a significant crisis. 09:40 Jang G's rapid collapse due to insufficient order volumes and unclear future plans from Rui Group Rui Group's significant decline in performance and financial crisis since 2018 Rui Group's current market value decline and total liabilities reaching 1.9 billion Yan $264 million 📉 The Chinese men's trousers industry is experiencing a significant decrease in revenue and profits, leading to a challenging market environment. 13:26 Operating revenue of leading companies in the industry decreased by 14% in 2022 Net loss attributed to shareholders of a listed company for the first time since its stock market listing Apparel and clothing sector in China is facing a decline in profits and an increase in debt
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