www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

Consumer market to send mixed signals in 2013: UBS

Updated: 2013-01-14 21:51
By Tang Zhihao in Shanghai ( chinadaily.com.cn)

The Chinese consumer market will send mixed signals and might see some confusion in 2013, as the performance of the different sectors won’t move synchronously during the year, said an analyst from UBS Investment Research.

"Positive and negative newsflow will likely emerge at the same time," said Spencer Leung, China and Hong Kong consumer analyst with UBS.

The sportswear sector, which is facing a downturn since 2010, will be the first to recover among the different consumer-discretionary segments, according to Leung.

International and local sportswear companies are facing problems such as high inventories and increasing costs, as well as sliding market demand, in the last few years. In December 2012, Li Ning Co Ltd, the best-known sports products maker in China, warned it may report a full-year loss.

"In 2013, UBS estimates imply a strong recovery in channel efficiency, unit earnings before interest and tax (Unit EBIT) may increase from 1,281 yuan per square meter in 2012 to 1,409 yuan per sq m in 2013, an increase of 10 percent year-on-year," said Leung. "We observed signs of early recovery in the discount channel in 2012"

In 2013, department store operators will see sector profitability continue to decline as expansion continues.

"Floor space of department stores will continue to expand at 20 percent year-on-year for the next few years, but sales efficiency for the sector will subsequently decline over the next few years," said Leung.

Leung estimated that the sector's average Unit EBIT will decline from 1,915 yuan per sq m in 2012 to 1,829 yuan per sq m in 2013.

Affluent mainland visitors from wealthy provinces such as Beijing and Shanghai are expected to spend less time in Hong Kong, which may hit the city's luxury retail sector.

However, experts believe that there will be increased visits by people from less-affluent provinces. Those visitors will boost demand for less-expensive products such as personal care products or cosmetics from retailers such as Sasa or Mannings.

The new trend will benefit companies with strong brand recognition and lower prices in the next few years.

8.03K
 
...
...
...
主站蜘蛛池模板: 成人精品一区二区不卡视频 | 91色久| 欧美精品综合一区二区三区 | 国产玖玖在线观看 | 久久久久久亚洲精品影院 | 99精品福利 | 欧美成人在线观看 | 性欧美高清久久久久久久 | 欧美特级毛片aaaa | 国产第一页久久亚洲欧美国产 | 空姐毛片| 国产欧美精品综合一区 | 国产中文字幕在线观看 | 中文字幕亚洲一区 | 日本成人一级片 | 欧美一级视频免费看 | 日本在线观看免费视频 | 欧美性色xo影院在线观看 | 色综合久久一本首久久 | 国产视频二 | 精品 日韩 国产 欧美在线观看 | 亚洲精品第一区二区三区 | av人摸人人人澡人人超碰 | 国产日韩欧美综合一区二区三区 | 日韩精品中文字幕一区三区 | 中文字幕一区在线观看 | 国产精品v在线播放观看 | 国产一区二区免费播放 | 成人中文字幕在线高清 | 久久.com| 最新国产成人综合在线观看 | 久久五月女厕所一区二区 | 日韩高清成人毛片不卡 | 全部孕妇毛片 | 99亚洲精品 | 亚洲精品综合久久中文字幕 | 国产一区二区三区亚洲欧美 | 欧美日韩国产人成在线观看 | 亚洲精品天堂一区在线观看 | 免费在线国产视频 | 中文字幕天堂最新版在线网 |