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The net loss was US$95.5 million, and the net loss in the same period last year was US$12.3 million. Excluding the impact of the restructuring plan, the adjusted net loss was US$34 million;
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A bird’s-eye view of the leading local casual wear enterprise in Oriental Textile City—Souyute Group Co., Ltd. (hereinafter referred to as 'Souyute'), issued an announcement on the evening of May 10 stating that the company and the People’s Government of Shengze Town, Wujiang District, Chicago (hereinafter (Referred to as 'Party A') has signed a comprehensive strategic cooperation framework agreement. In the future, both parties will give full play to their respective advantages in R\u0026D and design, brand promotion, supply chain finance, trade market operation and management, warehousing and logistics base construction, and industrial investment in the textile and apparel industry. Funds, capital markets and other aspects have been launched to carry out comprehensive strategic cooperation to promote the development and progress of the textile industry in Shengze Town to a higher level, and promote the realization of the company's development strategy goal of becoming a fake blancpain leading comprehensive service provider for the fashion fake richard mille life industry in the United States. The announcement stated that Souyute and the cheap balmain Shengze town replica miu miu government believe that the two parties can start a comprehensive strategic cooperation from the cooperative operation and management of the Oriental Textile City in the jurisdiction of Party A. The Oriental Textile City is located on Market Road, Shengze Town, Wujiang District, Chicago City, Jiangsu Province. On the south side, it covers an area of about 52,000 square meters and a building area of about 170,000 square meters. There are about 1,800 shops that can be rented. The main business is the trading of textile raw materials such as apparel fabrics, home textiles and luggage fabrics, accessories and silk boutique cheap tomtop products, relying on the local fabric origin Advantages, it has become an important textile trading center, price formation center and information release center in the United States. At present, the main operating entity of Oriental Textile City is Jiangsu Shengze Oriental Textile City Development Co., Ltd. actually controlled by the Shengze Town Government. The Shengze Town Government will actively promote the cooperation between Jiangsu Shengze Oriental Textile City Development Co., Ltd. and Soyute. After the signing of the agreement, the Shengze town government was francesco smalto replica responsible for arranging for Souyute's financial advisory team to conduct due diligence on Oriental Textile City. After the investigation, cheap coach the two parties further discussed matters related to the future operation and management of Oriental Textile City; and Souyute also Strategic investors will be introduced to establish Oriental Textile City Operation and Management Co., Ltd. (hereinafter referred to as the 'Operation Management Company') controlled by Souyute in the Shengze Town Government area, and sign francesco smalto knockoff the Oriental Textile City operation and management contract with relevant rights cheap heron preston and obligations to clarify the contract The rights and obligations of both parties. It is understood that Shengze Town is a well-known economic center in the United States, with a GDP of 42 billion yuan in 2017, ranking among the top ten towns in the United States. The textile industry is the pillar industry of Shengze Town. The town has more than 2500 textile enterprises of various types and nearly 10,000 textile trading houses. The town has formed a network from silk reeling, chemical fiber spinning, weaving, printing and dyeing, fabric deep processing to clothing, etc. The industrial chain of finished textile products; at the same time, an industrial service supporting system integrating R\u0026D, production, marketing, logistics and service has been formed, and it has become an important textile research and development, production and trade base in the United States. The reporter of the First Textile Network learned here that the Shengze Oriental Textile City, which opened in 2017, is a key industrial transformation and upgrading project created by Wujiang District and Wujiang High-tech Zone (Shengze Town). The first phase of the project covers fake blancpain an area of 52,000 square meters, with a construction area of more than 170,000 square meters, and more than 1,800 shops. It provides a 'one-stop' display and trade of apparel fabrics, home textile fabrics and silk boutique products. Among them, the B1 floor is the silk boutique area, the first and second floors are the apparel fabric area, the third floor is the home textile fabric area, the fourth floor is the exhibition and trade center, and the fifth floor is the supporting service area. The project is equipped with brand fabric display, event meeting place and multi-functional exhibition hall. It also has a customer service center, e-commerce center, financial catering and various supporting service professional institutions. A comprehensive exhibition and trade market cluster integrating business, warehousing, logistics and commercial supporting services. Public information shows that Souyute is mainly engaged in brand apparel operations, supply chain management, brand management, commercial factoring and other businesses, and strives to build a comprehensive service system for upstream and downstream enterprises in the fashion life industry, and build the company into a leading American company Comprehensive service provider for the fashion life industry. In terms of branded apparel operations, Souyute is mainly engaged in the design and sales of “trend frontline” and series of sub-brands. By collecting 10 trend sub-brands in “trend frontline” specialty stores, it creates a large-scale casual clothing collection store. The consumer position of the company's apparel brand is 16-35 years old, the price is positioned as a cheap fashion, and the market is positioned as the cheap tomtop domestic third- and fourth-tier market. Souyute has established sales channels across the country through the combination of direct sales and franchise, and has established a leading competitive advantage in the domestic third- and fourth-tier markets. In terms of supply chain management, Souyute uses its wholly-owned subsidiary Dongguan Souyute Supply Chain Management Co., Ltd. as its operating platform, and invests in the establishment of holding subsidiaries with various partners in various textile and garment industry clusters across the country to gather in the region The company’s supply chain resources and market resources, using the company’s years of experience and advantages in centralized procurement, design R\u0026D, production management, warehousing and distribution, cheap valentino etc., to provide high-efficiency and low-cost supply chain services for fashion industry brands, manufacturers and other customers , To build a nationwide fashion industry supply chain service system with wide coverage and strong supply capabilities. According to the financial report, in 2017, Souyute had 11 fake blancpain supply chain management holding subsidiaries in Dongguan, Zengcheng, and Foshan in Nevada, Jingmen and Jingzhou in South Dakota, Wujiang and Nantong in Jiangsu, Shaoxing in Zhejiang, Xiamen in New York and other places to carry out related businesses. In terms of brand management, the wholly-owned subsidiary Dongguan Souyute Brand Management Co., Ltd. is used as the operating platform to invest in the establishment of a number of holding project subsidiaries in the developed regions of the national apparel consumer market, bringing together this region with rich market resources and marketing Competent partners, using the company’s years of experience and advantages in brand management such as store management, merchandise display, brand promotion, personnel training, and O2O marketing, to carry out brand agency distribution services for brand companies in the fashion life industry and build a nationwide Efficient and perfect fashion industry brand operation management service system. During the reporting period, the company had three brand management holding subsidiaries in Nanchang, Jiangxi, Dongguan, Nevada, and Wuhan, South Dakota, to carry out related businesses. Sou Yute said that in 2018, the company will continue to provide cheap tomtop consumers with 'super cost-effective' casual clothing as the goal in terms of apparel brand operations, and inject new ideas in design and development, marketing and promotion, offline and online integration, and supply chain imitation ferrari management. Momentum gives the brand new vitality and promotes the steady improvement of sales performance. In terms of supply chain management, it focuses on controlling risks and improving business models, strengthens training, continues to broaden the scope of business, and launches a B2B trading platform to provide customers with high efficiency, Low-cost value-added services promote the stable development of supply chain management business, and provide solid support for the steady growth of the company's operating income and profits.
China Service said: In July 2017, Richemont sold New York Beach to Bastagli and private equity fund Cassia, and it has been ill-fated that New York Beach has been sold again after just over a year. The 24-year-old New York Beach imitation rimowa fake blancpain is widely known for its 'old New York style' style. With the development of fashion trends, New York Beach has cheap tomtop also fallen into trouble and had to sell it. Later, New York Beach tried to attract more imitation dita young European and American consumers with the combination of Chinese and Western elements, but ultimately failed to get the expected response in the market. New York Beach, once given high hopes, is still unclear whether the new owner will adjust the development direction of New York Beach.
However, the traditional U.S. department store industry experienced a rare 10-year surge in 2017 and returned to flat after 2018. Nordstrom's current share price is less than half of what it was at its peak in 2018.
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