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Speed Up Domestic Demand For Garment Retailing And Brand Clothing Accelerating Growth

2012/4/1 8:30:00 34

The Seven Wolves The Card Slave Road The Wedding Bird The Nine Herd King The Blue Posture Stock The Semir Clothing The United States

From the industry perspective, the total retail sales of consumer goods in 2011 totaled 183919 billion yuan, an increase of 17.1% over the same period.

enterprise

In retail sales,

clothing

Retail sales of 571 billion 270 million yuan, an increase of 25.1% over the same period, is far higher than the growth rate of retail sales of social consumer goods and domestic GDP growth.

But in 2012 1-2, the total retail sales of 100 large retail enterprises nationwide increased by 6.1%, a record low, and the total retail sales fell 4.23% year-on-year.

On the one hand, high priced products inhibit terminal demand, economic situation is uncertain and cause residents' consumption to be cautious and so on, which has led to a sharp decline in consumption growth. The growth rate has dropped to a single digit. It has been rare for many years. It can be said that domestic clothing consumption is at the bottom of the slow growth slowdown. With the gradual decline of CPI, the gradual promotion of the national consumption policy, the increase of disposable income of residents and the gradual warming of the weather, people's consumption will be gradually released. The bottom is basically clear, and the growth of clothing consumption will also gradually increase.

In this way, the short-term business downturn is the best time to invest.

In terms of policy, the 12th Five-Year plan for the first time explicitly put forward the implementation of the brand construction project focusing on the clothing and home textile industry, focusing on cultivating 100 garment home textile enterprises with strong innovation capability, high market coverage and high occupancy rate, and good business efficiency.

In the past, the investment pull mode has shifted to consumption as the breakthrough point, and consumption will play an increasingly important role in the proportion of economic structure.

In recent days, the consumer market development report released by the international trade and Economic Cooperation Research Institute of the Ministry of Commerce of China said that the contribution rate of consumption to China's gross domestic product (GDP) in 2012 will exceed investment and become the first pull for economic growth for the first time in nearly ten years. "In 2012,

From this point of view, the clothing retail industry with wide coverage will face favorable policies.

Listed company

The performance will also be further released as the good fortune is fulfilled.

From the perspective of market performance and capital allocation, in 2011, the trend of the whole market declined.

Brand clothing

Plate decline is relatively small, reflecting a better resilience.

In 2012, in the market rally, the textile and garment sector suffered a fall due to the decline in consumption data of warm winter last year, leading to a further narrowing of the overall valuation of the apparel retail industry and A shares.

At present, the overall price earnings ratio of the apparel retailing industry is about 20 times, which is closer to the bottom area than all A shares, and the valuation advantage is obvious.

In addition, in 2012, the global economy is facing uncertainty. The slowdown in domestic economic growth has become a consensus. Only a few achievements in the industry have been identified. However, the retail sector of clothing is still growing by the stimulus of consumption policy. The quality apparel retail stocks are both defensive and offensive, and the willingness to fund the initiative is also high, which is more likely to exceed the average market performance.

Middle and high-end clothing products,

Consumer

The price sensitivity is low, and the brand premium is strong.

Individual stock

In terms of men's wear, they can pay attention to the seven wolves, the card slave Road, the wedding bird, and the nine herdmen. The high-end women's clothing can be concerned about the stock of Langer, and the casual dress is concerned about the Semir dress and the American dress.