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 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 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...
Apparel Market in United States of America (USA) to 2024 with COVID-19 Impact Analysis Summary Non-essential sectors will be hit the hardest in 2020 as consumer confidence falls, with apparel sales forecast to decline by 25.7% in 2020, as consumers have no events or holidays to purchase new clothes...
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...
The COVID-19 pandemic resulted in Spanish authorities deciding to implement a national lockdown in March 2020. Although restrictions began to be eased from 4 May, the “new normality” was not reached until June. Nevertheless, during the rest of the year new outbreaks of the virus continued to take place, with some cities and neighbourhoods...
The onset of the global pandemic in 2020 had a strong negative impact on the apparel and footwear market in Saudi Arabia. Non-essential stores closed, which decimated sales of apparel and footwear specialist retailers. The suspension of sporting events by the Saudi Sports Ministry and the closure of sports centres and venues throughout the...
Apparel and footwear had already witnessed steep declines in sales in 2019 due to the disruptions caused by the 2019–2020 protests triggered by the introduction of the Fugitive Offenders amendment bill by the Hong Kong, China government, which had a severe impact on sales in physical stores. Apparel and Footwear in Hong Kong, China...