E044: January retail sales, Yeti’s earnings, Shopify’s Q4 & More
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Challenges in the Bag Industry
Exploring the complexities of the bag industry, this chapter dives into the high production costs, fierce competition, and saturated market that make it a challenging and unprofitable business. From difficulties in manufacturing bags due to expenses to the struggle with margins in the backpack industry, the importance of organic demand and maintaining decent margins in such a competitive market is emphasized.
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