Home / Knowledge / News / Apparel/Garments / Inventories swell at Chinese garment factories: CNGA
Inventories swell at Chinese garment factories: CNGA
20
Jun '13
The inventories with garment manufacturing units in China have been rising in recent years, according to the China National Garment Association (CNGA).
 
The association said the inventories with garment factories have risen to such a level that even if all the garment units across China closed, the stock would be enough to last for three years, chinadaily.com.cn reported.
 
The high inventory is despite a steady growth in apparel sales in recent months. In May 2013, apparel sales rose 6.6 percent year-on-year.
 
Meanwhile, the retail sales of clothing and textiles in China grew by 10.9 percent year-on-year to 84.7 billion yuan.
 
The China National Textile and Apparel Council (CNTAC) cited two reasons for the high inventories with garment units. First, the Chinese clothing brands have grown at a rapid pace in recent years, while the purchasing capacity of customers has not increased to the same extent.
 
Secondly, in order to reduce costs, some garment companies produced goods in large quantities, leading to a “sameness” in products, which is not liked by potential buyers.
 

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search