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Clothing brands earn high profit

20
Nov '06
Profit margin of Chinese clothing is always between 2 to 3 percent. But, now, some Chinese clothing brands have begun to obtain high profit.

Lily brand set up by Shanghai Silk Group is one of the famous women fashionable dress brands in China.

Last year, Lily brand has begun to sell high-class fashionable dress at franchise shops in Paris, and has got high sale profit. In the mean time, the unit has set up shops in over 20 fashion malls in Saudi Arabia. The sale has exceeded US $1.5 million.

At present, China has reduced export rebate rates by 2 percent, and RMB exchange rate has increased by over 3 percent. This forces most textile and clothing units to give up low-profit products and produce high value-added products.

Fibre2fashion News Desk - China


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