In America Chinese Toy Wholesale Market Fell Into Depression
In America Chinese Toy Wholesale Market Fell Into Depression
According to the report of American World Daily, in Los Angeles wholesale center, as the biggest clothes, toys and presents wholesale market in America eastern, the merchants are handing out boards of “sale” or “50% off”, even high to 75%. And you can see changing rent boards everywhere in golden area.
The biggest toy importer Megatoys of Los Angeles Chinese would import 2000 containers from China in the three festivals in the end of the past years and always were not enough. However, as the boss Hu Zequn said, just the orders this year have been reduced by 20% or 30%, not submit how much the goods on markets will sell out. People without the capacity of buying and the devaluing of dollars all make the toy business worse.
In the Los Angeles most toy wholesale shops are locating in Los Angeles Street, the third street, and the fourth street. You will see a lot of merchants have to stand out of the shops to pick up clients. Mrs. Yue, doing the business of toys and presents in Los Angeles Street, said that the usual day sometimes one day even cannot get a business.
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