Published in Fashion on 19-11-2020
The corona pandemic has crushed luxury goods sales: the European market is shrinking by 36 per cent this year, for the first time since the banking crisis. Bain's analysts aren't counting on a full recovery before 2022/2023.
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Primark saw its sales fall by thirty per cent in the last quarter. The cut-price fashion chain already published a turnover warning at the end of last year.
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