Comments by "May L" (@MeiinUK) on "Famous Brands Say Goodbye to China! Hu0026M, Zara, Gap…Withdraw From the Chinese Market" video.
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It's because these employees doesn't know how to work the chinese market. And this is why their own salaries are also low too. I wouldn't necessarily give an actual discount. I wouldn't do that. Cos if you give one, and then another complains then. Normally, they should join a club, and then decide which one they like the best, and put those design forward, and sell those instead. Be done with. Cos this close time limit on the price difference is going to land them into hot waters. That's why. I would just put smaller selection out, and if they really want it. Then sell it. And not more. I would reduce the sizes, and then let them ask for the right sizes and things like that. And either they really want it, or that there is a small quantity... and then sell it. If it is finished, then let it be finished. This is too wasteful.. to "hope that they will buy"... Sorry... Just. Too spoilt for choice. In other countries, people don't do that, cos their entire customer population could only be around 100-200 people... but everything to China is like... an average 1000 to 2000 PER day !....
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Now I get why they do that. They raise the fees, cos the interest rates went up. So it is fluctuating... all of the time ? What they should have done is to have less buildings, and then increase or reduce rents... occasionally.... and write it down in black and in white. So that they could boom, and bust easily. And rotate, and have SOME stores that could be rotational and experimental etc. And some stores to always exist and lock them down. This would have been able to cushion the effects of them etc. Cos if they didn't bust the HK's financial model... and let it become an actual financial centre, and had an exchange that deal with currency exchanges.... Then they would not have this boom and bust cycle. But instead, of IB... what did they do? They made their entire country full of IBs !!! Rather than to have high street banks, separated from their IBs... They did not do that. In fact, that guy that went to jail.. when HK was trying to save what you are now seeing... That did not happen. This is why... when Trump tried to get them to do proper reporting to save themselves.. and to have PRC be an actual global player. They refused. And now, they want those "I am backing my country with a currency" deal... Well... this is like rolling back the world to before the world war. Just after the world war... They basically absorbed their currency inflation from the past. They devalued their currency... so this is why, they will find that things will get more and more and more expensive for themselves soon enough. So I don't even think that the Silk Road is going to be any cheaper. Cos the yuan is too strong actually.
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@silentwatcher1455 : And the entire globe has products made in China, do you want us to stop buying from you? Cos frankly, I paid around half a million yuan.. for a sodding mobile phone. When your currency used to be only a mere 1 new yuan... to be around 10 000 yuans. Otherwise, you would have been fighting and beaten to death by now. Who protected you guys from killing one another ? It is all about money, isn't it ??? WHO raised your currency to be high, so that you stop killing one another ? WHO did that ? Which chinese family that went abroad as labourer, did not exchange it back to money to bring back into chinese soil ? WHICH person.. collapsed those original banks, and robbed them of their money ? Auntie is old, but not senile... some things does not need to be said. In black and in white. It's funny.. even now.. North Korea still have cannibalism... And it was not that long ago... that even Tibet had actual cannibalism too. Or maybe they didn't. They believed in reincarnation, cos they burnt the body instead... and made them into porceilain... They didn't eat the bodies.
And why wouldn't women have abortions, if you cannot have enough food to feed the kids ??? Why do things this way ?
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@johndoh5182 : Yeh.. but a lot of the students, and people, ALWAYS buy them though, and then they flip them as well ! The reason why these high-end brands ended up inside the PRC is because, they were making copies.. and yet, when they ARE there.. They would NOT buy it ? Well.... to be fair.. these high end brands, have done their days of paying those rents. Cos.. I mean. There used to be small factories, good quality ones as well. And then, when China opens up... wah... everybody flocks to Europe and fight over those items ! Chi sin. And now, when they exists inside the major cities? How come, people don't buy it ? Even when they could afford it ??.... This is absurd. It is a 1.4 billion market.. you cannot please them all. And when you don't sell those items, to the people that wants it, they will berate you online. So it is always a case of lose-lose to these brands...
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