The Czech government has introduced strict measures to fight the outbreak and spread of the COVID-19 virus and this has strongly impacted fashion retail in the country. On 12 March 2020, the government issued resolutions to shut down most cross-border transportation and declared a state of emergency in the Czech Republic. This resulted in...
The COVID-19 pandemic had a strongly negative impact on apparel in the UAE, with the category being less essential than industries such as grocery, and thus more prone to fluctuations in demand. Sales dipped significantly during the three-month lockdown, which lead to a domino effect throughout the year and will result in negative growth of...
Apparel and footwear registered severe sales declines in 2020 as the industry found itself on the receiving end of the worst impact of the COVID-19 pandemic. Indeed, apparel and footwear was one of the consumer goods industries hardest hit by the COVID-19 situation worldwide during 2020 and this certainly applied in Indonesia. Apparel...
Major companies in the clothing and clothing accessories stores market include Abercrombie & Fitch Co.; American Eagle Outfitters Inc.; The Buckle Inc.; Carter’s Inc. and Chico’s FAS Inc. The global clothing and clothing accessories stores market is expected to grow from $1157.19 billion in 2020 to $1247.67 billion in 2021 at a compound...
The closure of brick-and-mortar stores in the spring as a result of the lockdown negatively impacted apparel and footwear sales in 2020. Customer traffic in shopping centres fell considerably and this continued throughout the year as the autumn brought a second wave of COVID-19 cases. Economic uncertainty and declining consumer confidence...
Apparel Market in Australia to 2024 with COVID-19 Impact Analysis Summary Apparel retail sales in Australia stood at AUD 35.9bn in 2019 and forecasted to reach AUD 36.5bn in the year 2024. The outbreak of COVID-19 (COVID-19) is set to trim AUD9.0billion out of Australian apparel retail sales in...
The apparel and footwear market in Singapore is expected to be one of the hardest hit in retail sales terms, among other consumer segments, in 2020. The onset of the pandemic brought pressure to manufacturing supply chains and retail operations, due to reduction in consumer discretionary spending and demand brought upon by lockdowns and social...
All categories in apparel and footwear recorded double-digit declines in retail volume and current value sales in 2020, having been heavily impacted by the Coronavirus (COVID-19) pandemic. The one exception was apparel accessories. While this category also saw a double-digit drop in retail current value sales over 2020, overall retail volume...
The apparel and footwear industry was among the worst hit by the COVID-19 pandemic. A surge in the number of coronavirus cases as well as economic uncertainty caused a sudden drop in consumer confidence and quickly deprioritised non-essential spending, including clothing and footwear. Also, with cancelled large events and social gatherings...
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,...