Home / Knowledge / News / Apparel/Garments / Floods cause Thailand's apparel sales to decline
Floods cause Thailand's apparel sales to decline
26
Nov '11
The recent floods in Thailand have generally dampened the spirits of shoppers and sales of apparels in big retail stores and malls have declined by 20-30 percent during the past two months.

This has caused a loss of up to 7 billion baht for the country's apparel sector in terms of lost opportunity of sales, according to industry experts.

The weak market conditions have forced few retailers to change their offering to more low-priced garments to match the reduced purchasing power of the consumers. A few brands have cut their production and postponed the launch of their new range.

Besides, some retailers are even planning to stop all entertainment marketing activities for their collections and cut-down on the budget for promotions till year-end.

Industry experts estimate the sales of apparels, including designer wear, to decline by 30 percent this year and foresee a revival only by the middle of the next year.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search