BUSINESSGUARDIAN US
LA’s storied fashion district in a slump – can the Olympics put it back on its feet?
Downtown Los Angeles's fashion district, the largest apparel manufacturing hub in the US, is experiencing a decline in visitation and sales due to ICE raids and post-Covid challenges. Business owner Fernando Carmona reported a significant drop in daily earnings, from $2,000 to $500-$700, with a monthly rent of $8,250.
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