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The Wuhan lockdown has been lifted for more than 40 days, yet the streets are still deserted and desolate. In addition to the economic impact of the epidemic, people are also nervous about a second outbreak.
The video below shows that the brick-and-mortar stores on Wuhan’s commercial streets are struggling and many businesses are closing to stop their losses.
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Hello everyone, this is Wuhan.
The weather today is turning from clear to cloudy, cloudy to light rain.
Business is still slow.
The event sale starts at 60 yuan ($8 USD).
Now businesses are not expecting to make money.
They just want to clear their inventory.
The point is that no one is shopping.
It’s not usually possible to have a sale at this time of year.
It used to be the peak season.
In the front, this shoe store moved out yesterday.
A cloth shoe store.
It only opened for a year and incurred a loss of more than 100,000 yuan ($14,000 USD).
A lot of shops can not endure and have left one by one.
Most of the shops spent a transfer fee to get in, which is high.
As little as 50 or 60,000 ($7,000-8,400 USD), as much as 160,000 ($22,000 USD).
These which closed are all old shops.
All left, one after another.
So unexpected.
They were already suffering, and this sudden outbreak has accelerated the death of brick-and-mortar stores.
Calamities come in succession.
The weather forecast is quite accurate.
Just now the sun was in the sky, but now it begins to rain.
Let me show you the stores in the other row.
Two more clothing stores moved out the day before yesterday.
More than 20 stores in the opposite row have closed.
It is common now for many shops not to open for a few days.
Maybe they are right and wise to leave now and stop their losses before they get into more trouble.
Whichever store closed, its loss is at least 100,000 ($14,000 USD).
Clearing the inventory at a loss, and you don’t even know what to do next.
#CCPvirus #Wuhan #Coronavirus#COVID-19
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