Total Inventory Of Apparel Listed Companies Exceeded 38 Billion In The Three Quarter.

Following

After closing 1200 stores in the first half and reducing 110 stores in Anta, PEAK sports has also disclosed in the three quarterly report, and will continue to close 320 outlets in the next 3 months.

The "depression" of sports leisure brands is nothing but

A small microcosm of the industry, high inventory pressure is still eroding the profits of enterprises.

According to statistics, three quarterly reports of domestic clothing listed companies have found that 90% companies are still on the rise in inventory volume, among which YOUNGOR, Hong Kong stock and United States

And Semir apparel inventory exceeds 1 billion yuan.

At the same time, half year report shows that the men's wear period with better performance also has obvious problems of increasing inventory and slowing business growth.

The stock doubled

Year-on-year growth is the highest

According to the data, it includes men's wear and women's wear.

Including 22 A share apparel listed companies, the total inventory reached 38 billion 175 million yuan in the three quarter.

In addition to the newly listed Canodi and George White, in the first three quarters of this year, 9 of the listed companies' inventories are still growing.

Among them, YOUNGOR's inventory is the highest, reaching 23 billion 953 million yuan, and the red bean share is second, reaching 3 billion 978 million yuan, and the inventory of American bond clothing and Semir clothing is 2 billion 199 million yuan and 1 billion 439 million yuan respectively.

Moreover, the accounts receivable of Smith Barney clothing were high, reaching 1 billion 186 million yuan.

Although some enterprises have little stock base, the growth rate of inventory is astonishing year over year.

For example, the increase of 123.2% in the same period last year is due to the expansion of business scale, the opening of new shops, and the increase of raw materials procurement and stocking to meet the demand of market growth.

In the same period, the accounts receivable of the group were also up to 87 million 810 thousand yuan, an increase of 50% over the initial period.

In addition, the current stock grew faster than that of Jiangsu's three friends, with a stock growth of 92 million 139 thousand yuan, an increase of 48.3% over the same period last year. Busen shares grew by 37.97% over the same period last year, and inventories reached 238 million yuan.

Correspondingly, the decline in operating income is inevitable.

According to statistics, of the 22 listed companies, 5 have seen negative revenue growth in the three quarter, of which Jiangsu's three friends have fallen by 17.31% over the same period, while Semir's clothing has fallen by 11.86%, and ST Rey B has fallen by 89.88%.

From the semi annual report, men's wear is

Better performance in the clothing sector, its operating income, expenses and inventory are well controlled, but three quarterly men's clothing also appeared growth rate decline, inventory rise and other issues.

Taking seven wolves as an example, its operating income increased by 33.08% in the three quarter of last year, but it increased by only 19.71% in the three quarter of this year, slowing down 13.37 percentage points, while the income of the nine Mu Wang business decreased by 12.31 percentage points to 20.53%.

Newspaper bird said it was due to the expansion of business scale, HAZZYS brand, flangton brand and other brands increased procurement.

Inventory pressure increases, terminal sales slump is a direct cause.

According to the statistics of clothing sales of hundreds of key retail enterprises in China, the cumulative growth rate of apparel retail sales in the first three quarters of this year was 11.20%, which was 0.54 percentage points slower than the first half of this year, 10.8 percentage points lower than the same period last year.

Market participants believe that the current domestic brand casual wear industry is affected by foreign brand channel sink and electricity supplier, while labor costs and rental costs continue to rise, which has also brought greater business pressure.

Name inventory year-on-year change (%)

YOUNGOR 0.03%

Red bean shares 12.90%

American Apparel -26.27%

Semir costumes 1.29%

Shanshan stock 23.72%

Nine herd king 13.71%

Wedding bird 51.73%

Seven wolves 4.39%

123.20% shares

Keno technology 28.37%

Kaiser shares 38.30%

Sino 47.82%

Search for special 10.41%

ST ray B 47.19%

Busen shares 37.97%

Dayang creation 3.74%

Hundred round pants industry 18.32%

Jiangsu three friends 48.30%

Kim Feida -34.12%