Home / Knowledge / News / Textiles / E-commerce changes China's home textile retail business
E-commerce changes China's home textile retail business
10
Oct '13
The rapid development of e-commerce has changed the traditional home textile retail business in China, according to an official of the China Textile Industry Association.
 
The growth of online sales has necessitated a need for speeding up innovation and adjusting to meet the market demand.
 
In 2012, about 80 medium-sized department store’s retail sales totaled 228.27 billion yuan, an increase of only 8.92 percent year-on-year. In comparison, the retail sales grew at an annual average rate of 16.5 percent from 2006 to 2011.
 
From the second half of 2011, the department store industry in China is encountering many difficulties, as it has entered a micro-growth era, according to the China Commerce Association.
 
Yang Zhaohua of China Home Textile Association said that in recent years, the rapid growth of e-commerce, does give the industry a lot of opportunities. The industry needs to explore new avenues and group into clusters, he said.
 
However, some analysts think the key is to give retail customers a good experience, by considering what the customers want and by being willing to deliver products where the customers want. 
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

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

Pranav Mishra
Huemn

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 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