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Shanghai's fashion stores struggle to clear lockdown stock hangover

Channel News Asia LogoChannel News Asia1d ago

Shanghai's fashion stores struggle to clear lockdown stock hangover

Quick Summary

SHANGHAI : Almost a month since Shanghai lifted its strict COVID-19 lockdowns, fashion retailers are stuck with piles of unsold stock as cautious consumers stay away from the commercial hub's glitzy shopping districts.

Days after COVID-19 curbs eased, large "sales" signs went up across Shanghai, with retailers from Lululemon to Victoria's Secret offering discounts to lure shoppers.

FILE PHOTO: A worker in a protective suit carries disinfection equipment as he walks near an area under lockdown amid the coronavirus disease (COVID-19) outbreak in Beijing, China April 29, 2022.


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Shanghai's fashion stores struggle to clear lockdown stock hangover - Channel News Asia (Picture 1)Shanghai's fashion stores struggle to clear lockdown stock hangover - Channel News Asia (Picture 2)

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Article Details

Category: Business

Topics: Retailers Online     Cent Inventory June China Stock Shanghai Sales 2022

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 07:02:50

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 6 minutes read

Article Length: 984 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 6575

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About Channel News Asia

Main Topics: Business

Official Website: channelnewsasia.com

Update Frequency: 8 posts per day

Year Established: 1999

Headquarters: Singapore

Last Updated: 3h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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