After $893 mm loss in 2020, fashion chains fall even further

The closure of shops due to the pandemic this month and uncertainties about the reopening of traditional retail are expected to hinder fashion retail in the first half – one of the segments most impacted by the crisis caused by the coronavirus. The demand in this segment have been already affected by the greater restrictions on circulation since February. And online sales, despite the large growth, still represent less than 15% of the annual sales of the big chains.

Source: Valor International