Argentine shoe manufacturers liquidate inventory at $5,000 to cover wages as sales halve

Argentine shoe manufacturers are selling sandals, boots, and sneakers at rock-bottom prices starting at $5,000 to pay employee salaries and debts, as sales have dropped 50% from 2023 with no sign of recovery. The drastic discounting signals severe distress in the consumer goods sector, likely reflecting broader economic contraction and weak domestic demand.

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