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