Home / Knowledge / News / Apparel/Garments / Domestic market shows vast scope for Chinese apparel firms
Domestic market shows vast scope for Chinese apparel firms
28
Aug '13
Apparel sales continued to increase in the Chinese domestic market, but at a slower pace during the first seven months of the current year.
 
According to data from the National Bureau of Statistics, large-scale garment enterprises posted retail sales of 617.4 billion yuan during January to July, showing an increase of 11.9 percent year-on-year.
 
However, the growth rate showed slowing down as the same enterprises registered a year-on-year growth of 17 percent during the corresponding period of last year.
 
A recent report of the China National Garment Association shows that the domestic apparel sales grew steadily during the first half of this year, but the growth rate slowed down due to the overall economic situation.
 
The report noted that compared to a relatively slow growth in second-tier markets, growth rate accelerated in third and fourth tier markets, which shows strong vitality and a larger room for growth of domestic apparel firms.
 
At a time when the Chinese domestic clothing enterprises are under a great pressure due to shrinking demand in the international market, the acceleration of urbanization has provided a new market space for these firms to expand in the domestic market.
 
In fact, it becomes easier for companies to open retail stores in three and four tier cities, compared to Metropolitan cities, where there is intense brand competition and there is problem of rising rentals.
 
Market analysts, however, say that in addition to seeking a broader-tier market, the Chinese domestic apparel enterprises are also accelerating their penetration in three and four tier towns due to unavoidable reason of foreign brands entering these towns.
 
Moreover, Chinese apparel enterprises are also benefiting from the growth in online marketing. A recent survey shows that last year there was over 80 percent increase in domestic online shopping even in villages.
 
Data from the well-known shopping site Taobao shows that in the first five months of 2013, sales of clothing, including innerwear and sportswear, rose by over 58 percent year-on-year, while those of clothing accessories increased by more than 150 percent year-on-year.
 
Thus, there is still a great potential for Chinese apparel enterprises in the domestic market.
 

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Karel Williams
Dow Microbial Control

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

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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