U.S. end-of-holiday clothing sales downbeat

In the United States, clothing imports tend to reach their highest peak in summer every year, which heralds the clothing consumption during the year-end holidays. From January to August 2008, the US clothing import volume was 14.8 billion square meters, a year-on-year decrease of 4%, of which the import volume in August fell by 6.4% year-on-year. From January to August 2008, U.S. apparel consumer spending increased by only 1.1% year-on-year. Judging from the situation in the past 20 years, the trends in clothing import volume and clothing consumer spending are almost exactly the same. It can be seen that consumption during the Christmas holiday at the end of 2008 will drop significantly, and consumption of clothing and home textile products will also shrink significantly. At present, American consumers are gradually shifting from high-end products to popular products.