The other day I saw an article saying that U.S. retailers are hoarding a lot of goods to dump in the second half of this year. After visiting the store in the past two days, I was deeply touched. At the chain retailer Kohls, there is a lot of current quarter and anti-quarter

The other day I saw an article saying that U.S. retailers are hoarding a lot of goods to dump in the second half of this year. After visiting the store in the past two days, I was deeply touched. At the chain retailer Kohls, a large number of current and off-season clothing are discounted in the clearance price. The original price of Adi and Nike in Figure 2 and Figure 3 is $55, the clearance price is $30.25, and then the discount is less than 100 yuan. The winner of Figure IV now sells only 12 knives. Master Mei bought a Piece of Reebok in Figure 5, the original price was $55, and then used the coupon after the discount, and only spent $7.99 including tax, that is, fifty yuan.

Another feature is that the clothing produced in China is almost extinct, most of which are from Cambodia and Bangladesh.

Yesterday I also saw a big clearance at another handicraft shop. The children's craft set originally cost $8.99 and is now a 30% discount for less than three dollars

One theory is that in the first half of the year, global prices rose, and retailers hoarded a large number of goods out of panic. Unexpectedly, the lack of demand in Laomei today has led to a backlog of goods, and large retailers no longer place orders from suppliers. Chinese companies doing exports this year are already feeling the cold winter in the middle of summer. I see reports that many textile companies received less than 30% of orders in the same period last year.

Unlike Europe and the United States, China has not experienced a recession in the past few decades. But this time I don't know if I can get around it...

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