Fashion Consulting Group: Sales of clothes and shoes will fall by 15-20%
08.06.2022 3460

Fashion Consulting Group: Sales of clothes and shoes will fall by 15-20%

Co-founder and commercial director of Fashion Consulting Group Anush Gasparyan predicts a drop in sales of clothing and footwear in monetary terms by 15-20% by the end of 2022. In physical terms, sales will fall by 25-30%, with prices rising by 30%.

The expert made such a forecast at the Russian Retail Week 2022. First of all, the decline in sales will be the result of a drop in the income of the population, Anush Gasparyan believes. We should also expect the growth of the lower price segment. According to the Fashion Consulting Group, in recent years, the lower price segment has shown steady growth: in 2014, its share was 50%, in 2022 it has already reached 72%. And the share of the middle price segment decreased from 40% to 20%, the share of the upper price segment decreased from 10% to 8%.

Co-founder and commercial director of Fashion Consulting Group Anush Gasparyan predicts a drop in sales of clothing and footwear in monetary terms by 15-20% by the end of 2022. In physical terms…
5
1
Rating

Latest News

Brazil reports growth in footwear exports for 2 months of 2025

Brazilian footwear exports in the first two months of 2025 reached 21 million pairs, with a turnover of $174,23 million. In February, 9,6 million pairs were exported, up 18,9% in volume and 8,9% in value compared to the previous…
14.03.2025 194

Demna Gvasalia becomes creative director of Gucci

Gucci has hired Demna Gvasalia as its creative director. He replaces Sabato De Sarno, who was fired on February 6 after just three…
14.03.2025 204

Zegna to Build Shoe Factory in Italy

Italian luxury group Zegna has begun construction of its own factory in Italy, a few kilometers from Parma.  
13.03.2025 299

Radical Chic Releases Collaboration With Buryat Artist Zorigto Dorzhiev

The collaboration between Radical Chic and Zorigto Dorzhiev resulted in a collection of two silk scarves, “Nomad” and “Erdene”. The basis for the new designs were two original works by the artist, “Four Horsemen” and…
13.03.2025 503

Geox sales down 7,8% in 2024.

Italy's Geox Group reported a 2024% year-on-year decline in 7,8 sales to €663,8 million. Only in the fourth quarter did sales rise slightly, by 0,5% year-on-year, at current exchange rates to 138…
12.03.2025 712
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning