Huge Inventory Has Become The Bottleneck Of Shoes And Clothing Retail Listed Companies.

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The price of the order is too high. In the spring of 2013, the interest of the distributors is generally not high.

Yesterday, the United States

(002269) an internal staff member described this to reporters.

The high volume of stock has always been a worry for Smith Barney.

Recently, there are reports that the company whitewash inventory data to cover up huge inventory.

To this end, on Monday, the company suffered a full day suspension. Yesterday, the US bond dress announcement was made to clarify relevant queries.

However, yesterday, the United States and costumes still failed to escape the fate of the resumption of heavy losses, intraday shares fell 7.8%.

Substantial reduction in inventories

Mei Bang clothing was accused of whitewash performance

Recently, Smith Barney is busy with orders in spring 2013. However, the company's situation seems to be bad at this order meeting. "I heard that dealers had great opinions on this order meeting, they accumulated too much stock, and the price of orders in 2013 was too high, so many people were dissatisfied."

Yesterday, an internal staff member of American bond dress told reporters.

Not only that, but a few days ago, media reports reported that in the semi annual report of 2012, the company had suspected that the performance report was gloss over. The company's "big problem" inventory problem was even alleged to be through the pre distribution and other means, as well as buying the sale pactions to the related parties, so as to cover up the huge amount of stock.

That is to say, the goods of the US state are only virtual, but the real stock is still in the backlog.

According to the 2012 semi annual report, the total inventory of Smith Barney clothing decreased from 2 billion 560 million yuan at the end of last year to 1 billion 750 million yuan, a full decrease of 800 million yuan.

Affected by this news, on Monday, Smith Barney wore a temporary suspension.

The company tried to clarify.

Related party pactions have little impact on reducing inventory size.

Yesterday, the US state dress was questioned and released the relevant Clarification Announcement.

Since 2011, the company has been taking a larger scale of production control and opening up direct sales and franchisees, increasing network marketing and other measures. So that the company's inventory growth has been well controlled in 2011, and the stock structure has been optimized and healthy quarterly.

In the first half of 2012, the direct retail terminal system maintained a growth of 22%. In order to control the inventory size, the purchase of new products decreased by 29% compared with the same period last year.

This led to the company's inventory ending at the end of 6 this year, a decrease of 800 million yuan compared with the beginning of this year.

As for outside questions, the company sold the stock to the related party AI bang bang, and the US bond clothing also said in yesterday's announcement that the total sales of goods to AI sang this year from 1 to June were 320 million yuan, and the total sales amount to other related parties amounted to 70 million yuan, so the total sales volume of the company to related parties was 390 million yuan, and its corresponding inventory reduced by about 200 million yuan, accounting for 8% of the total sales cost of the company, which had little effect on reducing the inventory size of the company.

Resumption suffered heavy setbacks

Analysts expect three quarterly results lower than expected.

It is worth noting that the announcement of the clarification issued by Smith Barney yesterday was as long as 5 pages.

Yesterday, the $16.82 opening of the United States apparel, opened the market that fell 6.09%.

Since then, the stock price has been in a low concussion, the largest drop in the intraday price of 7.87%, at the end of the close, Mei Bang dress final report of 16.75 yuan, the whole day fell 6.48%, and the volume significantly enlarged.

In this regard, Shenyang Wanguo published research report that in the first half of this year, the United States and costumes control the size of the inventory and reduce the purchase of new products, resulting in a certain decline in revenue growth.

At present, the storage of goods in the autumn and winter has increased the inventory to a relative level of about 2 billion yuan, and the operating cash flow has also decreased to about 500 million -6 billion yuan. It is estimated that the quarterly performance of the three quarter will be lower than expected, and the channel inventory will increase slightly.

As the terminal sales have not improved significantly, the franchisee's supplementation is not very satisfactory, and the net profit in the third quarter is expected to decline slightly.

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Huge inventory has become an industry phenomenon of apparel retail listed companies.

As a well-known clothing retailing company in China, Lining, a listed 02331.HK at the Hong Kong stock exchange, has issued a warning notice for the fourth quarter of the company's performance.

Compared with the same period last year, Lining expects the fourth quarter of 2012.

The order of products has a decline of two digits compared with the same period last year. In addition, the order amount of clothing products has fallen by more than 20%.

In response, many brokerages have downgraded Lining, and attributed their poor performance to vague positioning and low efficiency of internal management, resulting in slow progress in clearing inventory.

In fact, due to poor product sales, resulting in a huge inventory of companies, not the Lining family.

From the current A stock market clothing retail industry listed company's inventory data situation, it is also facing the high inventory quantity test.

Huge inventory seems to have become an industry phenomenon.

Statistics show that the number of Listed Companies in apparel retail industry with the highest percentage of total assets is Saturday (002291).

In the first half of this year, the number of inventories on Saturday was 895 million yuan, an increase of 12.02% over the same period last year. The proportion of total inventory accounts for 37.96% of the total assets of the company, representing an increase of 11.94% over the same period last year.

In addition, Semir clothing (002563) inventory problems in the first half of 2012 also encountered an unprecedented crisis.

Data show that from 1 to June this year, the number of Semir clothing inventory was 1 billion 473 million yuan. In the first half of last year, the number of stocks in the company was 1 billion 96 million yuan, an increase of 34.40% over the same period last year. As of the end of this year, the proportion of Semir's clothing inventory accounts for 17.47% of the total assets of the company, which is 45.10% higher than that of the same period last year.

From 1 to June this year, the amount of the goods in stock was also shown to be 1 billion 753 million yuan, accounting for 22.16% of the total assets of the company, accounting for 23.10% over the same period, and 100 yuan.

(002640) the number of stocks was 61 million 229 thousand and 400 yuan, accounting for only 7.47% of the total output of the company, representing a decrease of 23.07% compared to the same period last year.