Chinese Garment Factories Close en Masse: Most Won’t Survive This Winter (youtube.com)
Owners cashing out, hundreds of companies, according to this report. ... 90k apparel stores, last year like 40 new ones. No real growth. 3k stores closed during that period. Return rate for women's clothing bought online is 80 or 90%, a vlogger said, who looked toward brick and mortar, because online has such a high return rate. And domestic, because tariffs for sales to US.
‘We can no longer prioritize quality, because the market doesn’t allow it,' say some brand manufacturers. Quality low, fast fashion, pushes down the price and selling for more doesn't compete, so people compete with even cheaper quality and cheaper prices, or at least competitively similar. Consumers are unhappy, stop buying as much. Less money, so brands have to compete harder (cheaper yet production, cheaper prices). At some point this cycle is corrected (when companies fold, leaving market share for the remaining ones, is a part. Another part might be brands establishing trust for quality, and consumers pay more to purposefully buy these brands).