11/30/2022
While we plan to retain and increase production with our vendors by 50% as a dropshipping/E commerce company to our supportive customers…Sportswear brands like Nike and Adidas are expected to significantly reduce production starting next year. The reports note that major names in the athletic footwear industry have notified their manufacturing companies that they will be reducing order volumes by 30-40 percent starting Summer 2023. Industry insiders are noting that the trend will continue to affect production until Winter 2023, meaning we could see a decline in releases until the Summer 2024 season. The main reason for the decline in volume is the ongoing hindrances caused by the COVID-19 pandemic in China, a major sales market for brands, and the continued withdrawal of retail locations in Russia.
Our website will be updated in the next several hours…. Stay tuned for updates Theflamboyantonlinecoliseum.ecwid.com
