The inventories with garment manufacturing units in China have been rising in recent years, according to the China National Garment Association (CNGA).
The inventories with garment manufacturing units in China have been rising in recent years, according to the China National Garment Association (CNGA)#
The association said the inventories with garment factories have risen to such a level that even if all the garment units across China closed, the stock would be enough to last for three years, chinadaily.com.cn reported.
The inventories with garment manufacturing units in China have been rising in recent years, according to the China National Garment Association (CNGA)#
The high inventory is despite a steady growth in apparel sales in recent months. In May 2013, apparel sales rose 6.6 percent year-on-year.
The inventories with garment manufacturing units in China have been rising in recent years, according to the China National Garment Association (CNGA)#
Meanwhile, the retail sales of clothing and textiles in China grew by 10.9 percent year-on-year to 84.7 billion yuan.
The inventories with garment manufacturing units in China have been rising in recent years, according to the China National Garment Association (CNGA)#
The China National Textile and Apparel Council (CNTAC) cited two reasons for the high inventories with garment units. First, the Chinese clothing brands have grown at a rapid pace in recent years, while the purchasing capacity of customers has not increased to the same extent.
The inventories with garment manufacturing units in China have been rising in recent years, according to the China National Garment Association (CNGA)#
Secondly, in order to reduce costs, some garment companies produced goods in large quantities, leading to a “sameness” in products, which is not liked by potential buyers.
The inventories with garment manufacturing units in China have been rising in recent years, according to the China National Garment Association (CNGA)#
Fibre2fashion News Desk - China
marketing@alchempro.com
