The volume of the fashion market of the Russian Federation by the end of the year will decrease by 2%
08.09.2016 3802

The volume of the fashion market of the Russian Federation by the end of the year will decrease by 2%

The Russian consumer market is in a phase of stagnation and, in the absence of sharp negative changes, the reduction of the Russian fashion market this year could be from 0 to 2%. This forecast was given by Anush Gasparyan, Commercial Director of Fashion Consuting Group, during his recent speech at the Russian Fashion Retail Forum.

According to the Fashion Consuting Group, this year more than 70% of Russians have significantly reduced their expenses on clothing and footwear, and about 12% have completely abandoned purchases of these goods. The consequence of this, according to the expert, was the preservation of the negative dynamics of imports of fashion goods to Russia in the first half of 2016: clothes -5%, shoes - 8%.

Anush Gasparyan believes that at the moment there are all prerequisites for the development of domestic production in the field of clothing and footwear. According to her, the favorable factors for this are the growth of national self-awareness on the part of buyers and a higher rating “made in Russia”. Factors such as retailers' search for opportunities to transfer production to the ruble zone to reduce costs and distributor-importer attempts to offset the drop in foreign currency imports in the ruble zone also had a positive effect.

The Russian consumer market is in a phase of stagnation and in the absence of sharp negative changes, the reduction of the Russian fashion market this year may be from 0 ...
5
1
Rating

Latest News

Lacoste has released a collaboration with Maison Château Rouge

At the end of the year, French fashion brand Lacoste released a collaboration with Maison Château Rouge, a Parisian brand founded by the “ultra-creative African diaspora,” writes…
05.12.2024 1105

Insole maker OrthoLite expands presence in India

OrthoLite has expanded its manufacturing facility in India, in Ambur, and opened a new sales office in Chennai. OrthoLite India was opened in 2021, and the Ambur facility has now increased its production capacity to two million insoles per…
05.12.2024 1068

The general meeting of the National Shoe Union (NOBS) took place yesterday

The meeting was attended by members of the NOBS - representatives of companies participating in the Russian footwear market, the Ministry of Industry and Trade of Russia, the Association of Retail Companies (AKORT), the operator of the marking system, the Center for the Development of Promising…
04.12.2024 1270

France holds fourth place in world leather exports

According to the forecast of the French tanners association Alliance France Cuir, France will retain its fourth position in world leather exports in 2024, generating a positive trade balance of 5,8 billion euros. However, experts fear…
03.12.2024 1166

Stuart Weitzman and Swarovski Release Holiday Shoe Collection

Swarovski crystals add a festive touch to classic pumps from American shoe brand Stuart Weitzman. More than 6000 Swarovski crystals were used to create each glittering half-pair, in the form of…
03.12.2024 1207
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning