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,...
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...
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...
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 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...
The negative effects of the pandemic on apparel and footwear in Israel have been many and varied: first, the major distribution channel of apparel and footwear specialist retailers was forced to close during the lockdowns imposed by the government due to being deemed non-essential, whilst some did not return to being fully operational between...
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...
National lockdown restrictions in the Philippines were implemented to different intensities during the COVID-19 pandemic in 2020. The strictest measures were known as enhanced community quarantine and involved the closure of all malls and other non-essential outlets, and also the cessation of all non-essential work that cannot be switched...
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...