By Casey Corridor
SHANGHAI (Reuters) -Just about a month given that Shanghai lifted its rigid COVID-19 lockdowns, fashion suppliers are caught with piles of unsold inventory as cautious people remain away from the business hub’s glitzy shopping districts.
Curbs to halt the virus in Shanghai, China’s trend capital, floor the town of 25 million to a halt in April and Could, leaving outfits and attractiveness merchandise displays in shops untouched and containers of imported clothing stranded at port.
The city’s re-opening this month saw a flood of merchandise ship from warehouses to shop cabinets already laden with goods unsold in the course of two months of lockdown. Usually about a fifth of all imported products coming into China pass via Shanghai’s port.
Times soon after COVID-19 curbs eased, massive “product sales” indicators went up throughout Shanghai, with retailers from Lululemon to Victoria’s Key providing discount rates to lure shoppers.