Frbiz Report: Raw Material Price Increase Causes Apparel Retail Growth Slowdown

Oct 08, 2010, 10:00 ET from Frbiz.com

BEIJING, Oct. 8 /PRNewswire-Asia/ -- Frbiz.com one of China's leading B2B search platforms, reports on increases in raw material prices causing apparel retail market declines.

In August, China's hundred largest retail apparel enterprises saw retail sales growth year-on-year increase 16.8%. This growth speed is 7.2 percent lower than last year. Compared with July, this was a decrease of 5.4 percent. This is 2010's lowest growth point.

From the perspective of the largest retail operators, retail enterprises' clothing retail volume has seen a year-on-year growth increase of 7.4 percent compared with the same period of last year. Growth speed has dropped 5.7 percent compared with the same period of last year. Compared with the first half year of 2010, growth speed continues to increase, but is flat when compared with July. This growth rate indicates roughly a further slowing trend.

The main reasons behind August's clothing market year-on-year slide are the price increases in textiles and raw materials. Also this year, August had very high temperatures across China, which further reduced autumn outfit demand. Men's shirts retail volume year-on-year decreased 6.1 percent, t-shirts retail volume year-on-year dropped 8.8%, and jacket retail volume year-on-year decreased 7 percent.

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