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Clothing And Footwear: A General Wage Increase And A Consumption Boom

2010/6/25 15:02:00 17

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clothing

Footwear is a consumer goods that must be consumed by the general public. It has a very wide market in line with the consumption habits of the masses.

In the near future, the general wage increase of the middle and low income groups in China will lead to the improvement of the quality of life of the working class and the promotion of the brand.

clothing

Footwear consumption brings opportunities for continuous growth of the public shoe and clothing brand.

Local brands, as the main medium and low consumption varieties, are expected to be the main beneficiaries of the promotion of consumption.

The brand with high popularity and cost-effective has strong potential for growth.

Looking for men's wear, sportswear and women's shoes, they are all sub sectors with large market capacity and rapid growth. The reasons are as follows:

The total market of men's clothing is 2000-2500 billion yuan, the pattern of formal dress is stable, casual wear is growing rapidly, the trend of integration is obvious, the market competition is weaker than sportswear, and the number of stores has 1-2 times of room for improvement.

At present, the biggest sub category of men's clothing market in China is formal clothing, which accounts for more than 40% of men's clothing consumption.

The market structure is relatively stable. Leading brands such as YOUNGOR have ranked first in the market share for more than 10 consecutive years, with a market share of more than 10%.

At the same time, with the men's wear of Fujian Province as the representative, the leisure wear of men's formal clothes has increased rapidly.

Youngor

And other formal brands also introduce more leisure elements into sub brands or sub series to meet the needs of market consumption.

Generally speaking, market share is more dispersed, competition is not as fierce as sportswear and other industries, and brands are still in the fast growing stage of horse race enclosure.

And teenagers' leisure brands also have larger market space.

But cheap and low-quality brands are not in line with the current trend of mass consumption upgrading.

Women's shoes have larger market capacity and faster growth.

The top three companies in the industry are BELLE, Daphne and Saturday. Sales growth in the past 3~5 years is faster than the industry average.

Sportswear market is bigger and faster. The top five brands have occupied nearly half of the market share, and the competition is fierce.

Now well-known sports brands in China are listed, with strong financial strength and super large scale (more than 6000 stores with more than 3 billion annual sales), and will enter the market integration stage in the next few years, leading companies will win.

In the future, China's functional sports market will be dominated by four brands: the first tier is Nike and Adidas, Lining in mid-range positioning, and Anta in the low-end market.

Lining and Anta have higher cost performance, which can better benefit from this round of consumer spending driven by general wage increases for middle and low income groups.

With the relocation of Lining to a more high-end development, Anta's middle and low end market space is even broader.

Therefore, based on the above reasons, according to the development stages of different industries, it is recommended to invest in: 1, leading enterprises in mature sub sectors, which have strong brand appeal and market leading power; 2, rapid development of high quality enterprises in the industry is expected to achieve explosive growth from small to large.