Home / Knowledge / News / Apparel/Garments / Apparel businesses will continue to close stores in China
Apparel businesses will continue to close stores in China
Mar '14
Some clothing businesses will continue to close stores in China as they would not be able to bear the cost pressure that comes along with a sharp increase in the number of stores, coupled with rising rents, high inventory and other factors, aver market analysts.
Top apparel brands like Zara, H&M, Uniqlo and Esprit have felt the impact of rising rents and other factors.
Hong Kong-based apparel brand IT’s interim report for fiscal year 2013-14 shows the Group’s net profit fell to 76.8 percent year-on-year, and it had to close 43 stores across China.
Last year, Smith Barney costumes closed over 200 stores. 
Sportswear brands like Anta, Xtep, 361° and other brands cumulatively closed more than 6,000 stores over the last one year period. However, these brands have increased efforts to sell online.
Experts say the dilemma currently being faced by the Chinese apparel industry is not unique to China. In Germany, famous brands have closed stores mainly due to competitive pressure from small clothing store chains and online shopping portals, according to the German Textile Retailers Association.
The apparel industry trend is making its impact also on the wholesale clothing industry, which is now trying to introduce new wholesale network model. Over the next five years, more than 60 percent of the traditional wholesale clothiers will have to change to new trading patterns or face extinction, according to analysts.

Fibre2fashion News Desk - India

Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Frank Gossmann
Rotorcraft AG

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

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Lynda Kelly
Suominen Corporation

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

Marten Alkhagen
Swerea IVF AB

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silvia Venturini Fendi
Fendi s.r.l

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

Prathyusha Garimella
Prathyusha Garimella

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search