US apparel retail growth in April 2024

Apparel retail sales increased, while home furnishings saw a slight decrease.
According to the latest data from the US Department of Labor, the US Consumer Price Index (CPI) rose 3.4% year-on-year and 0.3% month-on-month in April; the core CPI further fell to 3.6% year-on-year, reaching its lowest point since April 2021, indicating that inflationary pressure is marginally easing.
US retail sales were flat month-on-month in April, but increased by 3% year-on-year. Specifically, core retail sales decreased by 0.3% month-on-month. Sales decreased in 7 out of 13 categories, with online retailers, sporting goods, and hobby goods retailers experiencing the most significant drops.
These sales figures indicate that consumer demand, which has been supporting the economy, is weakening. While the labor market remains strong, providing consumers with sufficient spending power, high prices and interest rates may further squeeze household finances and limit purchases of non-essential items.
Clothing and accessories stores: April retail sales reached $25.85 billion, a 1.6% increase month-on-month and a 2.7% increase year-on-year.
Furniture and home furnishings stores: April retail sales totaled $10.67 billion, a decrease of 0.5% month-on-month and an 8.4% decrease year-on-year.
General merchandise stores (including supermarkets and department stores): April retail sales reached $75.87 billion, a decrease of 0.3% from the previous month and a 3.7% increase year-on-year. Department store retail sales totaled $10.97 billion, a 0.5% increase month-on-month, and a 1.2% decrease year-on-year.
Non-store retailers: April retail sales totaled $119.33 billion, a decrease of 1.2% month-on-month and an increase of 7.5% year-on-year.
Home furnishing inventory-to-sales ratio increased, while apparel remained stable.
In March, the inventory-to-sales ratio for US clothing and accessories stores was 2.29, a slight increase of 0.9% from the previous month; the inventory-to-sales ratio for furniture, home furnishings, and electronics stores was 1.66, an increase of 2.5% from the previous month.

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China's export of cotton products decreased from January to March 2023

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

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.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
Tongzhou Cotton Market Brief, Week 1 of March 2025

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.

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Tongzhou Cotton Market Brief, Week 1 of March 2025
In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

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.

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In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.
President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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.

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

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