AMMAN — President of the Garment and Footwear Traders
Association, Sultan Alan, expressed concerns over the sluggish movement as Eid
al-Adha draws near. He expressed hope for an improvement in purchasing activity
in the coming days.
اضافة اعلان
According to Alan, the marketing activity has been notably
slow in anticipation of the holiday, with the primary factor being attributed
to weak purchasing power among consumers, Addustour reported.
He emphasized that while most holiday-related goods are
readily available in the market, the garment sector is currently grappling with
a chaotic situation. A lack of decisions regarding postal parcels and the
organization of informal markets in Amman, Hussein, Zarqa, Aqaba, and other
cities has exacerbated the challenges.
Alan further highlighted the sector's burdening tax rates as
a major concern affecting its profitability. The high tax burdens have posed
additional obstacles for businesses operating within the garment, footwear, and
fabrics industry.
The need for an upturn in purchasing activity
Meanwhile, as Eid al-Adha coincides with the summer season,
the onset of the wedding season, and school holidays, Alan anticipated that
clothing and sacrificial animal prices would remain within the usual levels.
However, he emphasized the need for an upturn in purchasing activity to
alleviate the current sluggishness and support the sector's growth.
The garment, footwear, and fabrics sector hold significant
economic importance in the country, with approximately 11,000 establishments
spread across the Kingdom.
These establishments employ a workforce of 63,000
individuals, the majority of whom are Jordanian. Furthermore, the local market
is home to 180 clothing and footwear brands that actively operate and invest in
the industry.
With the hopes of a market revival, traders and industry
stakeholders are closely monitoring developments, eagerly anticipating a boost
in consumer spending as the holiday approaches.
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