Home >

In June 2014, Hundreds Of Garment Retailers In China Dropped Slightly.

2014/7/29 13:44:00 13

here, the world's < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > a target= "_blank" href= "_blank" > shoes < < hat > net to the small weave to introduce is that in June hundreds of domestic enterprises clothing retail fell slightly. 
The biggest difference between P and vogue is the close and detailed tracking of international and Hong Kong Stock Companies in order to provide reference and reference for A share research and investment. 
 basic data points: in June, retail sales of hundreds of enterprises fell slightly (+2.4%, -1.6%), and export growth dropped slightly (+6.5%); domestic and foreign gold prices fell slightly at the end of last month, and the price of cotton inside and outside -0.8%/-7.1% (as of 23 days), the difference between inside and outside cotton price increased obviously to 4000+ yuan / ton. 
 A stock company tracking: overall retail sales in June are still in the doldrums. It is expected that the Brand Company newspaper still accords with low or low expectations. 富安娜:6月加盟商完成了上半年提货,当月报表增长好于4、5月,达到7%左右;罗莱:6月零售没有5月好,Q2发货比例少预计使得上半年收入增速低于Q1 ;探路者:应季商品皮肤衣的推出,及春季商品较往年入库及上市时间提前,共同推动上半年收入达到21%的增长;七匹狼:直营终端上半年处于持平或略增长状态,但关店影响收入同比下滑;美邦:6月直营端基本处于持平左右,其中新体验店效果成交率高于老店,但加盟仍有下滑;森马:6月森马终端仍保持个位数增长,巴拉等童装业务维持在20%左右的增长;九牧王:6月直营端仍保持微增,加盟端下降;老凤祥:6月销售比5月回升,高基数致黄金产品销售额同比负增长,但品类调整拉动上半年综合销售略有增长;朗姿:6月直营终端销售并未改善,处于持平或略下滑的水平。 
 trend review: the ranking of the industry is still relatively high this year (winning the Shanghai and Shenzhen 300), and most of the brands are rising. Since July, the rise and fall of the industry has been ranked relatively high (winning the Shanghai and Shenzhen 300), and most of the brands have gone up. The 100 yuan / search / old Feng Xiang has led the way, the Pathfinder has taken the lead; the manufacturing sector has also risen most frequently; the H-share brand category is still divided but slightly higher (Bao Sheng / Li Bang led, Lining led the fall), and the key manufacturing class also has differentiation (Wei Qiao LED). 
 > a href= "//www.sjfzxm.com/news/index_c.asp" > investment < /a > Strategy: overall retail sales in June are still in the doldrums, and Brand Company performance is still expected to meet or slightly lower than expected. At the bottom of the fundamentals of the shock, the industry is expected to continue to fluctuate with the market. 
 according to the market climate and preferences this year, stock selection logic is suggested to combine with fundamentals and themes. In the long term, we should grasp the leading companies of O2O quantitative change, grasp the transformation hot topics companies and the companies that basically recover from the bottom. In the near future, it will enter the mid - reporting period, and the market will pay more attention to the performance. It is recommended to combine the medium-term performance, valuation and possible hot topics to recommend fuanna, Pathfinder and Semir. 
Below P, fuanna's margin of safety is the highest, the performance of the newspaper is robust, and it is the most promising breed of O2O transformation in the long run. After the release of Semir's early education acquisition, the stock price has been adjusted, but the purchase expectation of the extension of the children's industrial chain still exists in the later stage. The performance of the Pathfinder is ahead of the year, and the anticipation is based on the expectation of next year's order meeting, and the three quarter may wait for certain events to be catalyzed after the price has been adjusted. In addition, it is recommended to pay attention to the 100 yuan round pants industry's acquisition of cross border electricity providers to bring qualitative changes, short-term stock price gains can be adjusted if possible, with Shanghai's < a href= "//www.sjfzxm.com" > state owned enterprise < /a > reform is expected to pay attention to Lao Fengxiang, Hai Lan's performance is ahead of the year, leading to stronger risk resistance.