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Half of clothing and shoe stores may close in Russia

Half of clothing and shoe stores may close in Russia
Photo: pixabay.com

Half of Russian clothing and footwear stores may stop working. Due to the COVID-19 pandemic this year, many trading floors will go online.

About writes TASS referring to the CEO of Fashion Consulting Group Anna Lebsak-Kleimans. According to her, from a third to half of clothing and shoe stores will close.

The main reason is a drop in consumer demand due to low income. The expert predicted a reduction in turnover to 35%. Orders for these product groups over the Internet will double as a result.

According to a study by the fiscal data operator of the “OFD Platform”, clothing sales in Russia fell sharply in April 2020. In some regions the decline was 90%.

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