Garment Association said that sale of winter clothes this year was going through a very difficult situation resulting in 100 million yuan of economic losses for the garment enterprises in Guangdong province.
A clothing store in Guangzhou said the profit nearly has a decrease of 100,000 yuan.
Thousands of garment enterprises in Guangdong province are facing a backlog of stock for about 50 million pieces of winter clothes because of abnormal weather.
Due to higher temperature during this season, the wholesale prices of winter clothes have declined. In the past season, the wholesale prices of winter clothes was more than 200 yuan per piece has decreased to 80 yuan.
In order to recover the capital as soon as possible, many shops in Clothing Wholesale Markets in Guangzhou city have started selling summer wear ahead of time and the sales of all winter clothes are facing a loss.
Fibre2fashion News desk - China
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
