Western Clothing Wholesale Business In Western China Faces Crisis

According to the Spanish Europe China Daily, a lot of Chinese bosses who engage in wholesale clothing business complain that business is becoming more and more difficult. Their complaints are not unreasonable.

According to the survey report of TNS Worldpanel, a professional consumer consultancy in Spain, in 2007, consumption per capita in Spain fell by 3% over 2006, which has been a downward trend in Spanish clothing consumption per capita for third consecutive years.

The TNS Worldpanel survey showed that Spain spent only 621 euros per person on clothing throughout the 2007, a 3 percentage point lower than the 640 euro in 2006, and in 2005, the average cost of clothing for each person in Spain was up to 651 euros.

In just three years, Spanish spending on clothing has dropped by at least 8%.

In fact, the decline is not just about clothing consumption, but also the time spent by Spaniards on clothing.

The TNS Worldpanel survey also showed that in 2007, Spaniards spent an average of 15.1 days per year buying clothes, 0.7 days less than 15.8 days in 2006, and 1.3 days less than 16.4 days in 2005.

In addition, the average spending time of Spaniards going out to buy clothes fell from 40 euros in 2005 to 39 euros in 2007, down by 2.5%.

The Spaniards who always like to buy clothes, the money invested in clothing is declining year by year. This is an undisputed fact, and the wholesale clothing stores run by the majority of Chinese are obviously feeling the decline of business.

The decrease in the amount of clothing bought by Spaniards is related to the decline in spending power.

Because of pressure from housing loans and rising prices of basic consumer goods such as food, the spare time that Spaniards can buy clothes is becoming less and less.

//cn.jxmmtv.com/cn.j