Sunday, June 20

German fashion manufacturing sees sales drop approximately 20 percent in first half

(MENAFN) On Friday August 2 the industry association GermanFashion stated that 1 yearly sales in the German clothing trade dropped by approximately 20 percent in the first half (H1) of 2020.

Gerd Oliver Seidensticker, president of GermanFashion stated that because of Coronvairus blackouts and the general mood caused by the coronavirus, “this figure is not surprising,”.

Producers of classic business and event-related clothing were strike chiefly hard, most particularly men’s fashion, “Here the occasions were missing at the time of the shutdown,” Seidensticker stated that adding that working from home and exhausting a suit would not go jointly well.

Thomas Lange, Chief Executive Officer (CEO) of GermanFashion stated that exports, the “success driver” of German companies in the past, as well slumped particularly, by a drop in export sales of approximately 10 percent, this was the first time that exports refused in “at least 30 years,”.


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