China is in a slow down period. (still growing tho)
The consumer culture over there is beyond crazy.
I have been out with a few of my friends there and was have a laugh about this guys jacket.
(full motor bike jacket, on an evening out and doesnt have a bike.)
He went to a store after dinner and bought a new one and through the other away.
just because i asked him where he parked his bike.
most materialistic people have ever met.
i had a meeting with 2 HKer's 1 day later...
i was wearing a fake Rolex, because i bought it the day before, for a prezzy.(just testing it out)
50% of the meeting convo revolved around them judging me how well my business was going by the brands i was wearing.
They came to the conclusion that white people dont wear fake watches.... there for i had a successful biz
if this culture wasnt around i wouldnt of bought sbb....
after the stores are renoed and have a good summer sale % and its still flat lining or down then sell out.
SBB Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held