We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Dec 3, 20246:46pm

Europe: fashion sales drop by 0.9% in 2019

The retail fashion commerce in Europe suffers a year-on-year drop of 0.2% in December, according to Eurostat data.

Feb 5, 2020 — 7:45pm
MDS
Save

Europe: fashions sales drop by 0.9 in 2019

 

 

Fashion trade in the eurozone ended 2019 with negative rates. In December, the revenue of the retail sector shrank 0.9%, according to data published today by the European statistical agency Eurostat. In 2018, the sales of the sector registered a decrease of 2.2%. 

  

This setback breaks the upward trend that the sector experienced in recent months. Since last May, fashion trade in Europe had been experiencing growth rates of 2.9% in June, 3.1% in September or 1.5% in November. 

  

In fact, January, May, April, and December have been the only months of 2019 in which the sector experienced poor sales, with decreases of 0.3%, 4.8%, 2.4%, and 0.9%, respectively. In the whole of the European Union, the textile, clothing and footwear trade registered a year-on-year decrease of 0.2% in December, compared to the 0.9% decline in 2018. 

  

As a whole, retail has also fallen in Europe, although it ended 2019 in positive. Retail sales in the Eurozone advanced 1.3% in December. 

  

The largest increases in 2019 were recorded in Romania, Hungary, and Ireland with a year-on-year growth of 8.5%, 6.1%, and 5.2%, respectively. In Spain, the rise in trade was 1.1%, while Germany, France, and the United Kingdom marked increases of 0.8%, 2.5% and 2.9% in 2019, respectively. 

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...