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Goldman Sachs

June 10, 2026

Asia Pacific Textile Apparel and Footwear Monthly Tracker

Monthly UpdateEquitiesConsumer Discretionary

This report provides a monthly assessment of the Asia Pacific textile and footwear sector, highlighting mixed OEM performance in May 2026 and cautious outlooks due to macro headwinds.

Key Takeaways

  • 1.OEM order trends in May were mixed, with some players benefiting from World Cup orders and currency tailwinds, though overall order visibility remains low.
  • 2.US consumer demand remains relatively resilient despite low consumer sentiment, while European demand is muted, compounded by inflationary pressures.
  • 3.Pou Sheng experienced a -3% yoy sales growth in May, attributed to a weak Labor Day holiday performance partially offset by the 618 shopping festival.

Table of Contents

  • Updates on US/Europe consumption trends
  • Read-across from global brands
  • Appendix

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Authors

Michelle ChengCarol Chen

Securities

Pou Sheng International Holdings1477.TW

Themes

Supply Chain DynamicsMacroeconomic Headwinds

Regions

Asia PacificEuropeUnited StatesChina