$Baozun(BZUN)$ A majority of G

A majority of Gap’s and Gap China’s losses in 2021 and 2022 could be attributed to supply chain issues from Covid related issues. Closure of factories in Vietnam where a majority of Gap clothing are manufactured led to low inventory, loss of sales and the high cost of re-routing and airlifting stock to destinations. Baozun says it’s eliminating such issues by moving manufacturing to China and using its strong logistics and warehousing. A turnaround to growth a profitability will most likely come earlier than expected

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