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Consumer Staples Nov 18, 2021 08:39 AM (GMT+8) · EqualOcean
CSC pointed out that the short-term growth of sportswear is under pressure, the long-term boom continues, and it is optimistic about the upgrading of domestic brands. In the short and medium term, the epidemic situation and sales base are disturbed, and the growth rate of 2h21-1h22 retail flow is expected to decline; In the long term, the growth rate of China's sportswear has led the apparel sub industry, and is in the stage of penetration improvement. It is expected to be prosperous for a long time with the support of the national fitness policy; On the demand side, the national tide of consumption is strong, and high-performance and professional products such as women's yoga and outdoor are growing rapidly. Domestic brands have changed from channel to product, and the rising trend continues. Recommendations: Anta sports, bosden, Huali group and Li Ning.

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