Condition of clothing manufacturing industry revealed
Plimsoll Publishing has published an analysis of how the top 1000
The analysis is based on the companies’ sales and profitability in the last two years and has revealed four distinct profiles of company behaviour:
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28% of companies whose sales and profits fell during that period are at most risk as they are already affected and experience a slow down in the market
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34% of companies who showed profit during the period are doing well, seem unaffected and show no sign of recessionary behaviour
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17% of companies whose profits have improved but sales declined during the period are showings signs of caution
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21% of companies whose sales and profits are down seem intent on capturing a market share at whatever cost
David Pattison, senior analyst at Plimsoll, said: “I think the game of blame in the industry will start soon. Let’s face it, it’s an ideal time to rush any bad news out and managers can use talk of a recession to cover up problems that go back years. The reality is that there is a lot of success out there and these struggling companies are simply being outplayed by the competition.”
