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Profit of fashion retailers will decrease by more than 40%
17.12.2014 2111

Profit of fashion retailers will decrease by more than 40%

According to the results of the 2014 year, the profit of Russian fashion retailers may decrease by 41% in euros and 43% in dollars due to the unstable ruble exchange rate, according to a study by the consulting company Jones Lang LaSalle (JLL).

The decline in profits of fashion brands for the winter season (December 2014 of the year - February 2015 of the year) is projected at the level of 23% in euros and 35% in dollars.

As retailer sales decline, property owners begin to feel a similar effect, as tenants ask for a review of rental rates. This is becoming a problem for landlords who already have a large amount of debt in foreign currency that needs to be serviced, the study emphasizes.

The profit of Russian fashion retailers at the end of 2014 may decrease by 41% in euros and by 43% in dollars due to the unstable exchange rate of the ruble, according to a study by the consulting company ...
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