RE: News Article27 Nov 2023 17:34
Comes down to the advertising. TEMU let the ads plague the nation. When the final bill comes in I doubt they will even see a profit on the horizon. A $2B budget for marketing in 2023 & an estimated $6B in sales revenue.
You want - Chinese supply - you want cheap - Chinese do cheap too - you want to return faulty product??? GFY. Nice to do business, better to learn Chinese business & hope the government is on side (Not Mr. Wu's).
Chinese takeaway is always good, customer service is sweet with childlike happiness until you stay - "Chow Mein not mine", then you awake the dragon & flaming noodles are launched over the counter.
Until the Red Dragon is contained all UK retail & supply chains are at risk of losing out to the Far East.
SP today WOW on the lowest trading volume this year , IMO. Even the shorts have stopped their games.