纺织服饰行业周报：24H1运动品牌经营稳健，越南纺织出口数据创新高

Investment Rating - The investment rating for the textile and apparel industry is maintained at "Overweight" [1]. Core Viewpoints - The retail sales in July showed a year-on-year growth of 2.7%, with apparel and jewelry categories under pressure, indicating a mixed performance in consumer spending [7][10]. - The performance of sports brands remains resilient, with notable growth in e-commerce channels, particularly for companies like Li Ning and 361 Degrees [8][10]. - Vietnam's textile exports reached a record high in July, suggesting a stabilization in the performance of textile manufacturing enterprises [9][10]. Summary by Sections 1. Core Viewpoints - Retail sales in July totaled 37,757 billion yuan, up 2.7% year-on-year, with apparel and jewelry categories declining by 5.2% and 10.4% respectively [7][18]. - The demand for basic living goods is strong, while optional consumer goods show a mixed performance due to seasonal sales [7][10]. 2. Industry Dynamics 2.1. Market Performance - During the period from August 12 to August 16, the Shanghai and Shenzhen 300 index rose by 0.42%, while the textile and apparel sector fell by 1.22%, underperforming the index by 1.64 percentage points [11][13]. - Among the sub-sectors, textile manufacturing increased by 0.28%, while apparel and accessories declined by 1.24% and 3.40% respectively [13]. 2.2. Individual Stock Performance - In the A-share market, 37 out of 113 retail companies saw their stock prices rise, while 76 experienced declines [14]. 3. Industry Tracking 3.1. Industry Data Tracking - In July, textile and apparel exports amounted to 190.69 billion yuan, a year-on-year decrease of 1.5%, with textile exports increasing by 3% and apparel exports decreasing by 4.6% [28]. - The domestic cotton price index B stood at 14,760.47 yuan/ton as of August 16, reflecting a decrease of 0.31% [26]. 3.2. Industry News - The outdoor children's clothing market is gaining popularity, with brands like Xtep focusing on research collaborations to enhance product offerings [33]. - SHEIN was recognized for its innovative case in empowering industrial upgrades at the recent cross-border e-commerce trade fair [34].