Sharp drop in Russian textile and clothing sales
The recent closures of Russian stores of large international fashion chains, such as H&M, Zara, Levi’s and Mango, has led to a 25% year-on-year drop in clothing sales with customers switching to domestic brands.
Most market analysts predict a long-term crisis in the Russian textile and clothing sector owing to falling revenues and a high degree of uncertainty.
For the full story, see the June 2022 edition of Textiles Eastern Europe
Photo: Fashion Consulting Group