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Hosiery is apparel worn over feet, such as socks, body stockings, knee highs, leg warmers, and many more. These are made of cotton, nylon, wool, silk, polyester, and others. These hosiery apparel are used under shoes for both women and men. These are used to protect feet from winter cold and are recommended for use in medical conditions such as varicose veins.

本文从产业链视角出发：1）新消费板块基于景气投资视角，由零售渠道格局革新、推演至细分品类运营逻辑差异，探寻新产品、新渠道及新品牌的积极变化；2）出海链则基于业绩为王配置思路，旨在总结龙头企业强业绩兑现的方法论；3）顺周期以底线思维价值视角寻求质量龙头。以期为 26 年投资主线提供参考。

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Ethnic wear refers to the clothes that are worn in a particular geographic region, culture, or country.

Outdoor sports apparel refers to specialized clothing and gear designed specifically for outdoor activities such as hiking, running, cycling, skiing, and other sports performed outside. These garments prioritize functionality, durability, and comfort, often incorporating features that enhance performance and safety in various weather conditions.

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