a bust

Irelia20150604

Senior Member
Chinese
The quotation comes from http://www.economist.com/blogs/economist-explains/2017/04/economist-explains-6

Quotation: Recycling requires separating it out, and that is difficult. For one thing mechanical methods of recycling degrade fibers. And chemical methods are too expensive to be commercially viable; few clothing companies bother to research them. Shipping second-hand clothes off to countries in Africa and Asia is also a bust. Even if local markets are large enough to absorb them, the poorer quality of polyester-mixed garbs means they do not last.
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Hi everyone! Does the bold part mean "shipping second-hand clothes...doesn't work either"?

8. a sudden economic decline;
depression:a bust in the economy.
 
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