COVID-19 had a significant impact on the Swedish economy in 2020, most tangibly in consumer-facing industries such as tourism and retail. While the first quarter saw GDP stagnate at 0.1% growth, during the second quarter GDP fell by 8.3% compared with the same period in 2019. The National Institute of Economic Research anticipated that full-year...
Even prior to the outbreak of COVID-19 the outlook for Thailand’s apparel and footwear industry was not a bright one with its economy under pressure, high unemployment and high household debt, along with a slowdown in tourism. As such, when COVID-19 hit it dealt a further blow with unemployment skyrocketing as businesses struggled to cope...
Apparel and footwear experienced marked declines across most categories in India in 2020. The strict lockdown imposed in order to limit the spread of COVID-19 included a ban on the sale of non-essential goods, including apparel and footwear, across store-based and online channels for around two months. Apparel and Footwear in India...
The lockdown seen in Q1 of 2020 in response to COVID-19 had a huge impact on sales of apparel and footwear in China. With non-essential stores forced to close in most areas many manufacturers and retailers posted huge losses. Consumers turned their attention to more pressing needs, and this too had a negative impact on sales. Nevertheless,...
After seeing static retail volume sales and notable current value growth in 2019, in 2020 apparel and footwear saw a decline in volume terms, along with a slower value decline. With the arrival of the COVID-19 virus in the country in March of this year, the government implemented a hard lockdown. Apparel and Footwear in South Africa...
Apparel and footwear was hard hit following the outbreak of COVID-19, with value and volume sales plummeting in most categories. Apparel and footwear specialist retailers and other non-essential retailers closed on 13 March following the introduction of a nationwide lockdown and did not reopen until 1 May. In November, a second lockdown was...
Apparel and footwear in Germany was strongly impacted throughout 2020 as a result of the pandemic. Due to the fashion-driven and non-essential nature of this market and the strong reliance on store-based retailing in generating revenues for almost all major brands, the disruptions caused by government-imposed lockdowns resulted in the closure...
Abstract: - Global Hiking Gear & Equipment Market to Reach $28.7 Billion by 2027 - Amid the COVID-19 crisis, the global market for Hiking Gear & Equipment estimated at US$21.6 Billion in the year 2020, is projected to reach a revised size of US$28.7 Billion by 2027, growing at a CAGR of 4.1% over the analysis period...
The fast-spreading COVID-19 dampened economic prospects in Turkey in 2020. This resulted in a direct hit to consumer confidence in the second quarter of 2020 following the first case of COVID-19 in March. Like many countries around the world, Turkey implemented lockdown measures to curb the spread of the virus, and retail outlets deemed non-essential...
Apparel and footwear in Morocco was seriously impacted by the COVID-19 pandemic in 2020. The industry as a whole suffered its worst crisis for several years. In response to the pandemic, the Moroccan government imposed a strict lockdown across the country, which included the closure of all apparel and footwear stores for four months between...