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...
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,...
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...
Apparel Market in the United Kingdom (UK) to 2024 with COVID-19 Impact Analysis Summary According to latest forecast as of December 4 2020, COVID-19 is forecast to wipe off £14.5 billion from the UK apparel market in 2020, leading to a decline of 26.7% over 2019. This report includes...
Major players in the emergency and other relief services market are The International Federation of Red Cross and Red Crescent Societies (IFRC), International Disaster Emergency Service, The American National Red Cross, The Salvation Army and Direct Relief. The global emergency and other relief services market is expected to grow from...
All categories within apparel and footwear in Denmark recorded significant declines in retail value sales in 2020, predominantly as a result of the COVID-19 pandemic. As one of the industries hardest hit by the pandemic, apparel and footwear suffered from the forced closure of non-essential retail stores from mid-March to mid-May 2020. Apparel...
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...
In 2020, apparel and footwear witnessed a decrease of 29% in value compared to the previous year (the decrease would be more than 30% if the sale of facial masks, which have been included for the first time in this research, was excluded). This industry is one of the most affected by the effects of the COVID-19 pandemic. Apparel and...
Colombia’s apparel and footwear industry faced a bleak year during 2020 as the COVID-19 pandemic and the official response to it caused major disruption in production supply chains and manufacturing operations as well as wholesale supply chains and retailing operations. Apparel and Footwear in Colombia report offers a comprehensive...