行情回顾：本周大盘呈调整走势，全周沪深300 指数下跌1.11%，创业板指数下跌0.30%，纺织服装行业指数下跌2.23%，表现弱于沪深300 和创业板指数，其中纺织制造板块下跌0.60%，品牌服饰板块下跌3.40%。个股方面，口罩主题概念和“保壳”股表现活跃，我们覆盖的波司登、上海家化等取得正收益。

疫情影响下，生活必需品消费保持正向增长，可关注超市板块，如永辉超市、家家悦、步步高等；疫情促进了线上消费，持续关注电商板块如苏宁易购。虽然疫情对居民消费冲击较大，居民消费受到抑制，但国内消费市场需求潜力巨大，长期形势稳定向好。3 月份社会消费品零售总额降幅较1-2 月收窄4.7 个百分点，出现恢复态势。

国家统计局数据显示，2020 年3 月社会消费品零售额总额同比下降15.8%、1~3 月累计下降19%，3 月降幅较1~2 月有所收窄；其中限额以上服装鞋帽针纺织品类零售额3 月同比下降34.8%，1~3 月累计下降32.2%，3 月降幅较1~2 月的-30.9%有所扩大，与社消总体表现存在差异、零售恢复慢于社消总体。

本次行业专题我们主要回答当下运动鞋服库存积压问题是否会重现 2012年的行业大规模清库存的情况。我们认为本次外界冲击下造成的库存问题不会达到 2012 年的严重程度，后续处理库存并恢复所用的时间会相对较短。

三月份国内疫情得到有效控制，生产生活秩序逐步恢复正常，服装线下、线上销售都有恢复性的增长。3 月社会消费品零售总额同比下降15.8%，降幅比1-2月份收窄4.7pct，其中服装鞋帽针纺织品类零售额同比下降34.8%，下滑幅度较单二月份有所收窄。阿里平台数据亦显示三月份服装销售明显较二月份好转，电商销售占比高和积极向新零售转型的企业表现较好。预计二季度服装行业将呈现逐月度改善趋势，板块的估值也有望实现一定程度恢复。

The global compression stockings market is analyzed on the basis of its prospect and future growth rate. The report highlights numerous factors that influence the growth of the global compression stockings market. These include market forecast, drivers, restraints, opportunities, and role of different key players operating in the market. . The study estimates the revenue generated from the sales of various compression stockings, which include knee high and thigh high. Moreover, it focuses on the demography segment, which includes men and women. Furthermore, it includes the revenue generated from the sales of compression stockings across North America, Europe, Asia-Pacific, and LAMEA.

In various developed regions across the world, the economic growth acceleration, coupled with fixed investments is expected to favorably influence the demand for the garment care industry. This can be attributed to the fact that the garment care vendors are increasing their output by using technologically advanced and sophisticated appliances as well as reducing the operating costs of the same. Most of the households in the developed economies (the US and Europe) are likely to witness higher spending in the garment care sector owing to the increased disposable incomes. The higher sales of these appliances are expected to be driven by the ongoing mechanization of various application segments in different developing regions of the world. Factors such as an increasing number of single homes, coupled with the capability of making discretionary purchases for consumer- based appliances in developed regions of Europe and North America, are expected to favorably impact the global garment steamer market.

All fabrics are protective to some extent but protective clothing are not only concerned to protect just from daily needs but also from situations where hazards or risks are present and that have the potential to be life threatening or pose considerable potential for injury or damage to the person working in and around the hazard. The report exclusively focuses on current market trends and future growth opportunities in the protective clothing market. The report also focuses on various material, application and various end-user industries of protective clothing, which includes oil & gas, construction & manufacturing, pharmaceuticals, law enforcement & military, firefighting and others. Moreover, the report analyzes the current market trends of protective clothing in different geographies and suggests the future growth opportunities by analyzing government regulations & policies, thereby further increasing the consumer acceptance of protective clothing. The report covers profiles of the key industry participants in the protective clothing such as E. I. du Pont de Nemours and Company, Lakeland Industries, Inc., Ballyclare Limited, 3M Company, Koninklijke Ten Cate NV, Teijin Limited, Workrite Uniform Company, Inc., Cetriko S.L., W.L. Gore & Associates, Inc., and Glen Raven Inc.