Various Reasons Lead To The Stagnation Of Jordan'S Clothing Retail Industry

Jordan Times reported on October 20 that the import of clothing and footwear in Jordan chamber of Commerce fell to about 60 million this year, down 14% year on year, and 10 million times less than last year. There are various reasons for the decline in imports, including repeated blockades in Jordan, weakening consumer purchasing power, high risk expectations and weather factors.

Weekend sales account for 50% of Jordan's total clothing sales. At present, 90% of the goods have been ready for sale since September. Clothing retail industry is stagnant, and businesses are suffering from serious losses. We should take immediate action to change this uncertain situation. In order to increase cash flow and make up for employees' wages, water and electricity expenses and costs, it is expected that businesses will provide discount prices in this sales season, leading to fierce competition.

At present, there are about 11000 stores in Jordan's clothing retail industry, accounting for 60% of the main commercial centers, employing 5.5 workers, of which 93% are Jordanians. The main clothing importing countries are China (accounting for more than 50%), Turkey, India, Bangladesh, Egypt and European countries.