French Women's Clothing Exports Plummeted 23.7% In The First Half Of The Year

According to France

According to the latest data from the Federation, French clothing sales recorded a new low of 3 years, falling 2.8% to 4 billion 900 million euros in the first half of 2016.

The French women's clothing Federation will blame the downturn in the industry on the continuing impact of the French terrorist attacks and the cold, rainy spring weather.

Pierre-Fran OIS Le Lout, the new president of the association, said the industry had no growth momentum at present, and the only good news was that exports continued to grow.

According to the French Tourism Bureau, the number of French tourists fell by 7% in 1-8 months, which caused a certain blow to department stores which accounted for 7.6% of women's garments.

The association said that the two quarter was particularly tragic, and sales fell by only 8.2% in April alone.

In the first half of 2016, French clothing exports amounted to 1 billion 500 million euros, a slight increase of 1.2% over the same period last year, but it has been rising for eight years since the financial crisis.

The European Union is the largest market for French women's clothing exports, the first half of which accounted for 55%, of which sales in Italy, Spain and the United Kingdom increased by 9.8%, 17.5% and 9.1% respectively, while exports to the United States and Russia also increased by 5% and 4.7%.

However, exports to the weaker big China market plummeted 23.7%, while exports to the Japanese market also declined by 2.3%.

In addition to women's wear, the French children's wear market also fell by 0.7% in the first half of 2016, while men's clothing sales rose 0.3%, while the overall clothing market fell 1.6%.

According to the data released by the most famous French fashion brand Christian Dior Couture at the end of July, in the second half of fiscal year 2016 of 2016 1-6, the income of Christian Dior Couture Dior brand decreased by 2% to 893 million euros per year, and the operating profit also recorded a 30.2% decline, from 106 million euros in the same period last year to 74 million euros, while the first half fiscal year (7-12 months of 2015) could still achieve 12.5% growth. "Dior"

Sidney Toledano, chief executive of Dior Couture, Christian Dior Couture, pointed out that the brand performance during the period was hit by the decrease of tourist flow, which affected many other countries such as France, European countries, Japan, Hong Kong and Macao.

Only the United States, Switzerland and the euro after the referendum were greatly weakened and had not been attacked by terrorist attacks recently.

According to the data submitted by Chanel International BV, a French Brand Company Chanel SA Chanel holding company, which is on the same name as the Christian Dior Couture Dior brand, in August, the data from the Amsterdam chamber of Commerce in Holland, where the company was based, showed that Chanel International BV achieved $6 billion 240 million in revenue, up to 5 billion 500 million euros, and plunged 17% in the 2015 fiscal year ending December 31st.

At present, the global economic downturn, geopolitical tensions and exchange rate fluctuations are all affected.

While the French women's clothing market is dominated by high-end brands, the impact is particularly serious. In fact, with the consumers becoming cautious and conservative consumption strategy, the global women's wear market is in a state of atrophy.