The COVID-19 pandemic had a limited impact upon apparel and footwear in Taiwan in 2020 as the government managed to get the virus under control relatively quickly and consumer behaviour was only significantly impacted during Q1. During this time consumers tended to steer clear of large department stores, instead prioritising their spending...
The availability of apparel and footwear was restricted by the Movement Control Order (MCO) enacted at the onset of the pandemic by the Malaysian government in March 2020. The MCO called for the complete closure of non-essential stores including department stores and shopping malls. During this time, only essential stores were allowed to operate,...
Apparel and footwear registered a notable decline in value sales in 2020 due to the impact of the COVID-19 pandemic. Store closures during Norway’s lockdown combined with social distancing guidelines had a significantly negative impact on sales across all categories. At the onset of the pandemic in March and April, brands heavily reliant on...
In South Korea, there were nearly no restrictions in terms of daily lives in 2020. Most restrictions pertained to a mandatory two-week quarantine when an individual showed symptoms such as a fever, returned from visiting a foreign country, or encountered someone who was infected. Since there was no strict lockdown, GDP did not fall as much...
Major companies in the apparel market include NIKE Inc; Adidas AG; VF Corporation; PVH Corp and Hanesbrands Inc. The global apparel market is expected to grow from $527.08 billion in 2020 to $635.17 billion in 2021 at a compound annual growth rate (CAGR) of 20.5%. The growth is mainly due to the companies rearranging their operations...
Apparel and footwear was one of the most affected industries by COVID-19, posting strong losses in 2020. All categories suffered value declines, most of which decline percentages were down by double digits. This was partly due to store closures and the lockdown, which also influenced consumer needs for apparel and footwear, but also due to...
The apparel and footwear market in the UK was struggling before the pandemic, both due to high overhead costs and competition from e-commerce for physical retailers, and increasing market saturation and competition from emerging players. The COVID-19 pandemic has led to a massive drop in sales in 2020 as a result of lockdowns and social distancing...
Apparel and footwear recorded a negative performance in 2020 due to the COVID-19 pandemic. In order to curb the spread of COVID-19 infection in the country, the Russian authorities imposed a national lockdown self-isolation period that lasted from 30 March until 1 June 2020. Apparel and Footwear in Russia report offers a comprehensive...
Apparel and footwear had already witnessed steep declines in sales in 2019 due to the disruptions caused by the 2019–2020 protests triggered by the introduction of the Fugitive Offenders amendment bill by the Hong Kong, China government, which had a severe impact on sales in physical stores. Apparel and Footwear in Hong Kong, China...
The COVID-19 pandemic resulted in Spanish authorities deciding to implement a national lockdown in March 2020. Although restrictions began to be eased from 4 May, the “new normality” was not reached until June. Nevertheless, during the rest of the year new outbreaks of the virus continued to take place, with some cities and neighbourhoods...