The Impact Of The Epidemic Situation On Consumption Weakness Led To The Increase In The Closure Of Clothing And Home Textile Brands

According to a report released on May 7, weak consumption has led to lower than expected sales of many brand shoe and clothing companies, resulting in a decline in overall operating revenue and profit growth,

In the case of weak consumption, the store expansion of related listed companies is also shrinking, and the development of new brands is also seriously affected.

According to the monitoring data, in 2021, 62 domestic listed companies of brand shoes, clothing and home textiles achieved a total operating revenue of 255.603 billion yuan, an increase of 16.107 billion yuan compared with 239.496 billion yuan in the same period of last year. The total net profit attributable to the parent company was 30.891 billion yuan, slightly increased by 1.036 billion yuan compared with 29.855 billion yuan in the same period of last year, with a total number of 119672 stores, Compared with 123537 in the same period of last year, 3865 enterprises decreased.