Metersbonwe'S Over Season Clothing Accounts For Nearly Half Net Assets.
Recently, about China
clothing
A piece of news from Metersbonwe, a fast fashion giant, quickly spread across the industry. According to Metersbonwe's third quarter 2011 Annual Report, its clothing accounts for nearly half of its net assets.
Many people in the industry say that this year's economic environment is depressed. Many garment enterprises are troubled by high inventories. If they are careless, they will face greater financial crisis.
Over half of apparel stocks accounted for nearly half of net assets.
As of September 30, 2011.
Metersbonwe
The third quarter report shows that Metersbonwe's stock is 2 billion 900 million yuan, while in 2009 it was only 900 million yuan.
According to media reports, Shenyang Wanguo Securities released a report showing that by the end of 2011, Metersbonwe had reduced its inventory to 2 billion 500 million yuan, of which over 1 billion 500 million yuan was over season.
The report points out that Metersbonwe's
Net assets
About 3 billion 200 million yuan, and those in the warehouse account for nearly half of their net worth.
"High storage directly affects the capital flow of enterprises, and even leads to the fragmentation of enterprise capital chain."
A sales director of a clothing company revealed that a number of branded apparel sales appeared negative growth in China last year, while production is on the rise and sales are declining.
"This may be an important reason for high inventory."
clothing
Sales volume
There has been no improvement in this year's opening.
Li Bin, an analyst at Hongyuan securities, thinks that in 2012, January, the volume of clothing sales of hundreds of large retail enterprises in the country dropped by 0.18% compared with the same period last year. Taking into account the traditional peak season of new year's day and Spring Festival in January, all kinds of promotional activities played an obvious role in stimulating sales growth, but even so, the sales volume still fell year-on-year, indicating that the sales situation was indeed general.
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