Slower growth in textile and apparel retail sales

From January to July, the export value of China's textile and apparel products decreased by 0.21% year-on-year, and negative growth occurred again. In July, the sales growth of the 100 large-scale retail enterprises in the country reached a record low during the year. The growth rate of retail sales only increased by 7.44% during the month. The growth rate of clothing retail sales and retail sales also slowed down. The retail sales and retail sales of the month rose only by 11.49% respectively. % and 2.5%; retail sales of 50 large-scale retail enterprises only increased by 5.98% year-on-year, of which apparel retail sales increased by 7.04% year-on-year, 14.72% slower than the same period of last year.

Northeast Securities believes that textile manufacturing, domestic and foreign cotton price spreads continue to hover at a high level, which still has greater pressure on the textile manufacturing sector, the external market demand is still relatively low, the industry inflection point has not yet appeared, and the recent speculation within the plate Many, it is recommended to focus on the improvement of industry leading performance, such as Rutai A and Shandong Ruyi. In terms of clothing and home textiles, it is expected that the clothing and home textiles consumption will gradually enter the peak season in the 3rd and 4th quarters, and the market is expected to pick up. It is recommended to operate in relatively stable, defensive, well-established brand apparel companies of the year, such as Jiumuwang and Septwolves. Growing menswear brand.