The present invention provides a method for knitting a tubular shaped fabric which can smoothly change an all needle arrangement to a half gauge arrangement without causing yarn breakage or change in hand value, and a tubular shaped fabric itself. A glove 10 shown in (a) is knitted as a tubular shaped fabric by the use of a pair of opposing front and rear needle beds separated with a needle gap in-between. As shown in (b), a base fabric 11 of the glove 10 is basically knitted by knitting needles in the alle needle arrangement on front and rear needle beds. As shown in (c), in the course of knitting a needle arrangement changing portion (13) of (a), yarn feeding ports 15 and 16 are assigned to each needle bed in such a manner as to provide a empty needle between adjacent knitting needles in the all needle arrangement, and the knitting width is successively widened. By keeping the yarn feeding ports 15 and 16 such as yarn feeders, or the like in the vicinity of the place where the stitches are transferred, the knitting width can be smoothly widened and the knitting can be changed from the all needle arrangement to the half gauge arrangement. A wrist portion 12 shown in (a) can be knitted by a rib knitting structure as shown in (d) and (e).