According to data released by China's National Bureau of Statistics, clothing sales in 2018 were 540.6 billion pieces, down 2017.719% from 1.24 billion pieces in 8. This figure means that in 2018, the average person in China bought 12 fewer pieces of clothing. According to data released by the China National Commercial Information Center, in 2018, the retail sales of clothing of key large-scale retail enterprises in the country increased by 0.9%, a slowdown of 2017.4 percentage points compared with 5.

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Is there a future for brick-and-mortar stores? A number of clothing and department stores in the United States will close their stores

If you're a fan of the shopping experience of touching fabrics and trying on fragrance samples with your fingertips, you'd better hurry, as more and more U.S. brick-and-mortar chains will disappear in 2020, and some major retailers are reconsidering their brick-and-mortar strategies. According to consultancy Coresight Research, the number of brick-and-mortar stores closed so far in 2019 is staggering — more than 9,000, up from the 5,800 that closed in 2018, and the upcoming 2020 could be an even worse year.

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How can clothing brands buck the trend and be born to the sun?

In October this year, the Chinese version of "ZARA" La Chapelle's Q3 financial report showed revenue of 5.757 billion yuan, down 7.16% from the same period last year, from last year's Q3 profit of more than 200 million, to this year's Q3 direct loss of more than 8 billion. Earlier data disclosure showed that the equity pledge ratio of Xing Jiaxing, the actual controller of La Chapelle, was close to 100%. Behind the liquidation of the actual controller's pledge, there is only 1/6 of La Chapelle's stock price, and 2,400 stores will be closed in the first half of 2019.

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Growing demand Bangladesh's textile and garment industry is developing rapidly

In one corner of South Asia, there is a country known as China's "strange but familiar neighbor" - Bangladesh. With a territory of nearly 150,000 kilometers and a population of 161 million, this small South Asian country connects China, India and the world's three largest economies of ASEAN, and is the second largest garment exporter after China. It is one of the most economically dynamic countries in South Asia and even in the world, with an average GDP growth rate of more than 6% in the past ten years, and an economic growth rate of 7.86% in 2018, with the garment processing industry as its pillar industry. At the end of the 2017/18 fiscal year, Bangladesh's foreign exchange reserves amounted to US$32.943 billion, second only to India among South Asian countries.

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