Chapter 113


    “Well?”


    “Yard Group is indeed in trouble. There is a massive shortage of capital as their sales performance


    reached a new low this year. It’s mainly because your father signed a huge order at the beginning of


    the quarter when pre-ordering raw garment materials in order to purchase at a lower price. The


    supplier requested full payment in advance, so this led to the massive shortage of capital.”


    Selena snorted. I just knew it! “How stupid!” I’m again convinced that he isn’t suited to do business.


    After all, he loves petty gains.


    “The few brands by Yard Group in the past were excellent, especially Jewel Blossom. Many young


    people loved it, so I have no idea what happened in the past few years,” Linda muttered.


    “The few brands by Yard Group had a clear positioning in the past, focusing on the young and


    fashionable. The selling price was set at a few hundred, so many young people could afford to buy.


    Sales performance would still be pretty good with a slight discount. However, ever since they


    switched to a certain designer, the clothes they design became all the more capricious, and the


    prices were even hiked. Clothes that were a few hundred before are now a few thousand, which is


    why it is discouraging young people to purchase it. Besides, their fashion taste is now turning off the


    consumers who can afford their clothing. It’ll be a miracle if they can sell when they neither cater to


    the high or low-ie bracket now.”


    Linda nodded incessantly. “I found out that Megan Yard is now acting as the vice president, and she


    launched a series of promotional activities. One of them is the bundle discount, and it’s said that the


    lowest discount is 10%! They even have a mystery bag event online with an exceedingly low price


    of 99. Also, I heard that live streaming emerce is also promoting a few brands by Yard Group.”


    Upon hearing this, a splitting headache assailed Selena. “They’re simply courting death!”


    Tilting her head, Linda gazed at her. “But their promotional sales are doing very well. I heard that


    many people are now buying frantically!”


    Selena pursed her lips and shook her head with a smile. “What’s the biggest fear in the clothing


    industry? Inventory. Once there’s too much inventory, it’s going to bring about a huge expenditure to


    rent the warehouse. Besides, this years’ clothes can no longer be sold next year. Thus, businesses


    have no choice but to have sales in order to clear the inventory since its effect is immediate.


    However, once there’s excessive promotion, sales for the next year will decrease even further


    because consumers already know that they can buy the clothes at a very low price after a month or


    two. If it were you, would you still buy them at the original price?”


    “Of course not! Well, unless I really like it. Or else, I’m not that big of a fool. I’ll naturally wait until the


    sales a month or twoter to buy!”


    “Everyone thinks the same way as you, so they have no choice but to have another round of sales.


    The more promotions they host, the less inclined consumers are to purchase at the original price.


    This is a vicious cycle, so they’re courting death.”


    When Linda heard that, she gave Selena a thumbs-up. “As for Lake Corporation, thepany itself


    is fine, but rumor has it that there’s perpetual internal strife, and some are even moring for


    Finneas Lake to step down.”


    Original from N?velDrama.Org.


    This is rather simr to my conjecture.


    “Do you want to do anything about it, President Yard?”


    “Why should I?”


    “You want to ignore both sides?”


    “Yes.”


    “Okay, then.” Then, Linda pulled out something resembling a greeting card from her document


    holder and handed it to Selena. “We received this today. It seems to be an invitation.”


    After taking it from her, Selena opened it, only to be greeted by the words ‘Pierre Fowler and


    Meredith Yard’. It’s an invitation to Pierre and Meredith’s wedding. As she stared at the gilded font


    on the invitation, her heart skipped a beat.


    Linda leaned over and nced at it. “Ah, Pierre Fowler is getting married! But it’s strange. Why isn’t


    there even a wedding picture?”


    Only then did Selena snap back to her senses.