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J.Crew declared bankruptcy. Three other famous stores may follow it
- aurizon 7y agoAsian copycats supplying a huge number of Amazon sellers and flea-markets caused this. It is no secret that precise copies of all manner of their products at 20-40% of their retail undermined them. In many cases the same Asian factories simply made another 50,000 copies of what they made for J.Crew, all properly marked and labelled -the exact same product (not authorized - of course). In many cases sewing machine copies of lower quality that look much the same. J.Crew had a cost structure, mall stores etc., and had no way to resist this unfair competition. Trump need to implement detailed customs inspections that involve J.Crew (and other companies) being asked to co-inspect. This would replace the common electronic document clearance process. Fakes found to be macerated or burned - or other form of true destruction. Heretofore many siezed shipments of various good were simply auctioned in the USA = a direct path to flea-markets etc.