China Became A Luxury Brand Meat Grinder! Chinese Have No Money, Giants Close Or Escape

Gucci is an Italian luxury fashion brand, offering products like clothing, leather goods, shoes, watches, ties, scarves, and perfumes. The manager of a Gucci store selling luxury items lamented that the brand’s clothing is not selling well, resulting in significant losses. Another woman, who sells second-hand Gucci bags, mentioned that the market has collapsed. This indicates a sharp decline in consumer purchasing power for Gucci products in China.
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