The global fashion business journal
May 31, 202312:17pm
The crisis may presents an opportunity for the channel, but not for the sector because the consumer will prioritize the purchase of basic foods unless the current situation lengthens.
President of the Government, Pedro Sanchez, explains that the actions will extend for the next fifteen days.
Italy has proceeded to closing all its retail stores, excluding supermarkets, fuel stations to fight the spreading of the pandemic.
Inditex has near 400 stores in the country, H&M operates 181 points of sale and Primark has five stores in the third largest European economy.
According to the City Momentum 2020 ranking, published by the real estate consultancy JLL, Hyderabad emerges as the most dynamic city in the world, dethroning number one in the 2018 ranking, Bangalore.
On a month-on-month basis, the sector’s prices in the US market registered an increase of 3%, according to data from the US Bureau of Labor Statistics.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.