Sales data of overseas clothing brands diverge


● Aritzia
 
In the three months ended November 27 last year, Canadian fashion retailer Aritzia's sales surged 37.8% year-on-year to US$625 million, a record high. Retail revenue jumped 38.6% to US$423 million, and e-commerce sales soared 36.1% to US$200 million, accounting for 32.2% of total revenue. Aritzia expects total sales in fiscal 2023 to increase by approximately 44% compared to fiscal 2022.
 
● Boohoo
 
In the third fiscal quarter ended December 31 last year, British ultra-fast fashion retailer Boohoo's sales fell 11% year-on-year to £638 million, but remained 35% higher than three years ago. By region, Boohoo's revenue in the UK domestic market fell 11%, down 8% in other European regions, down 12% in the US, and down 9% in other global regions.
 
● H & M
 
In the three months ended November last year, H&M's operating profit plummeted 87% year-on-year to SEK 8.2 billion, while sales increased by only 10% year-on-year to SEK 62.5 billion, showing no growth at constant exchange rates.
 
● Hugo Boss
 
Hugo Boss's full-year sales surged 27% year-on-year in 2022, reaching a record high, and operating profit also increased by 47%. The group said that the performance was mainly due to the gradual effectiveness of its brand strategy and the strong rebound in market demand.
 
● Levi's
 
In the three months ended November 27 last year, Levi Strauss & Co.'s sales fell 6% year-on-year, the first decline in six quarters, and adjusted net profit plunged 19%. For the full fiscal year 2022, the group's sales increased by 7%, while adjusted net profit showed no growth.
 
● Next
 
In the nine weeks ended December 30 last year, British clothing retailer Next's full-price sales increased by 4.8% year-on-year. Supported by positive performance data, the group recently raised its pre-tax profit guidance for the fiscal year ending January by £20 million, a 4.5% increase compared to last year, but full-price sales will decline by 1.5%, and profits will decline by 7.6%.
 
● Paul Smith
 
In the 12 months ended June this year, British designer brand Paul Smith's turnover surged 22% to £197 million, with gross margin improving to 50.3%. Operating profit reached £5.6 million, better than the operating loss of £3.1 million in the previous year, and net loss narrowed to £3.6 million.
 
● Reiss
 
In the nine weeks ended January 7, British fashion brand Reiss's sales surged 20.3% year-on-year, with physical store sales increasing by 18.5% and e-commerce sales also achieving strong growth of 22.3%. Based on this positive performance, Reiss expects its sales to surge 25% in the fiscal year ending January 28, reaching a new high, and profits are also expected to reach record levels.
 
● Superdry
 
In the first half of the fiscal year ended October 29, Superdry's revenue increased by 3.6% year-on-year, mainly driven by the strong performance of its directly operated retail stores, where revenue increased by 14.4%. E-commerce sales also recorded a small increase of 1.7%. Although wholesale revenue decreased by 5.2%, Superdry expects a turnaround in the second half of the fiscal year with the arrival of cold winter weather.
 
● Uniqlo
 
In the three months ended November last year, Fast Retailing Co., Ltd., the parent company of Uniqlo, saw its revenue surge 14.2% year-on-year, with operating profit reaching ¥117.077 billion and net profit falling 9% to ¥85.074 billion. During this period, the group's business in Greater China fell 3.2% to ¥146.718 billion. With the cooling weather and the surge in consumer demand for winter clothing, Uniqlo Japan's overall sales in December last year increased by 20.7% year-on-year, with an increase in the number of customers and a 15% year-on-year increase in the average purchase amount per customer.

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance


On March 3, Wang Yongqing, Vice President of Xiamen CNOOC Group, visited Tongzhou Group for investigation and guidance. Wei Gangmin, Chairman of our company; Huang Hongyu, President; Li Tao, Vice President; and Zhang Zhiyan, Director of the General Office, met with and participated in a symposium.


Tongzhou Cotton Market Brief, Week 1 of March 2025


1) This week's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) in China boosted market expectations for steady growth. In February, the Purchasing Managers' Index (PMI) for manufacturing stood at 50.2%, up 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector.


In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.


In 2024, China's dyeing industry saw rapid export growth to ASEAN and RCEP member countries, exceeding the overall export growth rate. However, this growth was accompanied by a decline in prices. From January to December, China's exports of eight major dyeing products to ASEAN totaled 7.908 billion meters, a year-on-year increase of 12.14%, 4.61 percentage points higher than the overall export growth rate, accounting for 23.58% of total exports. The average export price was US\$1.19 per meter, a year-on-year decrease of 2.75%, 0.64 percentage points lower than the overall decline. Exports to RCEP member countries totaled 8.431 billion meters, a year-on-year increase of 11.35%, 3.82 percentage points higher than the overall export growth rate. The average export price was US\$1.17 per meter, a year-on-year decrease of 2.79%, 0.60 percentage points lower than the overall decline.


President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference


On February 28, Mr. Huang Hongyu, President of our company, was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference and, as a guest speaker at the "Xiangshan Roundtable," shared his views on the cotton market and trading opportunities.