Home / Knowledge / News / Apparel/Garments / Retail sales of consumer goods reflects positive growth
Retail sales of consumer goods reflects positive growth
23
Apr '08
The first quarter of 2008 saw a 20.6 percent rise in retail sales of consumer goods in China valuing 2555.5 billion yuan compared to the previous year.

On an average, the retail sales of clothes, shoes, cap and other textile products surged by 24.3 percent while that of cosmetics increased by 22.3 percent. Furthermore, sports goods saw a growth of 21 percent whereas furniture and jewelry marked a rise of 33.3 and 47.5 percent respectively. Home décor portrayed an odd one out in the group recording a drop of 3.1 percent.

Even in 2007, statistics for the first 10 months showed a 16.1 percent rise in the overall retail sale which reached 7,209 billion yuan.

Infact, in the month of October alone, total retail sale was around 826 billion yuan, up by 18.1 percent of which purchases of clothing, shoes, caps and textile products increased by 32.6 percent while sports products surged by 35 percent.

Since consumption level in the country has been on a persistent rise for the past couple of years, retail sales of consumer goods is unlikely to show a recession in the ongoing year.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

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

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

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

Eamonn Tighe
Nature Works LLC

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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