Textile industrial news

European Union Japan clothing retail returns downward trend

Recently, the European Union and Japan have released the latest clothing retail data. Statistics show that, after the continuous rebound in May and June, the recovery momentum of EU and Japanese markets was weak in July, and the downward trend reappeared, with a certain decline compared with June.

EU: clothing retail fell 8.7% month on month in July

According to the retail data of Eurostat, the retail sales of EU goods decreased by 0.8% month on month in July, with a year-on-year increase of 0.7%. Among them, the retail sales of textile, clothing and footwear decreased by 8.7% month on month, and continued to drop by 23.7% year-on-year.

Food, beverage and tobacco: up 0.1% month on month and 1.1% year on year.

Non food products (except automobile fuel): decreased by 2.3% month on month and increased by 1.5% year on year.

Textile, clothing and footwear: down 8.7% month on month and 23.7% year on year.

Electronic products and furniture: decreased by 1.7% month on month and increased by 5.6% year on year.

Computer equipment, books and others: down 5.8% month on month and 1.1% year on year.

Pharmaceutical products: down 0.8% month on month and 2.7% year on year.

Mail order and Internet goods: decreased by 6.7% month on month and increased by 19% year on year.

Exclusive automobile fuel stores: increased by 4.6% month on month and decreased by 9.6% year on year.

Japan: clothing retail fell 17.2% month on month in July

According to the statistics of Japan's Ministry of economy, industry and industry, Japan's commodity retail sales increased by 1.2% month on month in July, down 2.8% year-on-year. Among them, the retail sales of textile and clothing decreased by 17.2% month on month, significantly reversing the 39.3% month on month growth in June, with a year-on-year decrease of 18.9%, and the decline rate was also expanded.

In July, clothing retail sales in department stores and supermarkets fell by 21.8% year-on-year. Among them, sales of men's wear decreased by 22.9%, women's / children's wear by 25.3%, other clothing by 22.4% and clothing by 15.2%.

Department stores: in July, clothing retail in department stores decreased by 24.2% year-on-year, including 25.6% for men's wear, 26.4% for women's / children's wear, 29.6% for other clothing and 19.6% for clothing.

Supermarket: in July, the retail sales of clothing in supermarkets dropped by 16.2% year-on-year, including 19% for men's wear, 22.8% for women's / children's wear, 11.2% for other clothing and 1.9% for clothing.

Here are the latest developments of major brands in Europe and Japan:

C&A

At this point, a & C & C will only have 1400 European stores in China.

Debenhams

Debenhams, a British department store chain, will lay off another 2500 people. This is the second round of large-scale layoffs in the department store chain since the outbreak of the epidemic. In May, Debenhams headquarters has cut hundreds of jobs.

H&M

In the three months to the end of August, H & M sales fell 16% year-on-year to SEK 50.9 billion, with a pre tax profit of SEK 2 billion. H & M attributed the revenue to the increase in full price product sales and consumer demand for work and leisure wear at home. With the improvement of the epidemic situation, consumers returned to shop, and so far only 200 stores have not resumed business.

Inditex

In the first half of the year to the end of July, Zara's parent company INDITEX group's revenue fell 37.3% year-on-year to 8.033 billion euros, with a net loss of 198 million euros. Revenue of e-commerce increased by 74%, and inventory decreased by 19% year on year. In the first half of the year, the group opened new stores in 14 markets and now has about 7337 outlets worldwide.

NewLook

The troubled British fast fashion new look has proposed a second major restructuring of its assets in three years to find new financing or potential buyers for the brand. Since the outbreak, new look's sales have fallen 38% year on year.

Primark

The sales of British cheap fast fashion Primark in the third quarter soared. Although the sales volume this year will still drop by 12%, Primark's total sales this year are expected to exceed 2 billion pounds, and the profit may reach 350 million pounds.

Superdry

In the first quarter to the end of July, superdry's sales fell 24.1% year-on-year, while e-commerce rose 93.2%.

Uniqlo

With the gradual recovery of offline retail sales, UNIQLO Japan's total sales increased by 29.9% in August, significantly faster than the 5% growth in July.

Zalando

In the first half of 2020, the revenue of zalando, an online fashion retailer in Germany, increased by nearly 20% year-on-year to 3.56 billion euros. Revenue is expected to grow by 15% to 20% for the whole year.