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What are the reasons for the sharp decline in the performance of the seven wolves in 2020?
I think there are many reasons for this phenomenon. Because Qipin Wolf is an old brand, the overall feeling of its clothing may not be suitable for the current aesthetic trend, and Qipin Wolf mainly relies on physical stores for sales, and the output of online and online sales is not much, and the publicity work is not particularly good.

What was the sales volume of Seven Wolves in the past?

The sales of the Seven Wolves in the past can be said to be very impressive and very high, and many of its clothes are of very good quality, which is loved by many people, especially the elderly. Because the overall style of the seven wolves looks classical and simple, and its garment-making process is said to be very complicated, many of its clothes are of very high quality. Moreover, in the past, when the real economy dominated, the sales volume of the seven wolves facade store was very high, which can be said to be one of the best enterprises in the industry.

What does the decline of the seven wolves mean?

This situation shows some market laws in today's society. The real economy has been greatly impacted by the virtual economy, and the development of the real economy may decline again in the future. Therefore, in my opinion, in order to enhance the brand effect of a brand and obtain economic benefits through the brand effect, online work and publicity must be done well. Nowadays, many trendy brands promote sales through live broadcast. I think these domestic time-honored products and brands can also try to adopt this marketing method.

How to solve this phenomenon?

In fact, in my opinion, there are not many solutions. Because this phenomenon is closely related to the contradiction between the network and the real economy and the virtual economy, the impact of the virtual economy on the real economy is irresistible, which is also the necessity of future scientific and technological development and the demand of market development. Therefore, I think these time-honored brands will be difficult to adapt to future development if they are not reformed and adjusted.