Russian fashion industry stalls

RUSSIA / FSU POLITICS - In Brief 02 Jan 2019 by Alex Teddy
In 2018 the Russian market for fashion stagnated after several years of growth. Sales totaled RUR 2.6 Trillion. Inflation has led to consumer goods rising 4% in price. Falling incomes have led to consumers switching to mass market brands. This is true of clothes, shoes and accessories. Modis, Austin and Gloria Jeans are some of the brands that have been doing better as consumers turn to them and turn away from costlier brands. People are buying more at discount centers and waiting for sales. Zenden (a shoe brand) is doing better in 2018 than the year before because it is mid market. Russian clothes manufacturers have been hit by the rise of the USD because they buy fabrics, fibers and accessories abroad.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.