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...
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 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...
Apparel and footwear suffered significant declines across much of the market in 2020 as a direct result of the pandemic and subsequent lockdown restrictions introduced by the government in an attempt to control the spread of the virus. This resulted in remote working and studying for many Australians, thereby reducing the need to purchase...
The effect of the COVID-19 pandemic on sales of apparel and footwear was significant in Hungary in 2020. According to the Central Statistical Office’s April retail data, the turnover of textile, clothing and footwear stores decreased by 90%, and not simply as a result of fashion stores closing during the lockdown. When the pandemic broke out,...
Apparel and footwear saw a decline in current value terms in 2020. The mandated closure of shopping malls and retail stores during the first two quarters of the year negatively affected apparel and footwear sales. Consumers were reluctant to leave their homes out of fear of contagion and curfew was in place which further discouraged consumers...
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...