Mid-range ready-to-wear sales down 6 to 30% in first three weeks of the year. Retail panel for major brands reports a drop in turnover of 6% compared to previous year.
Many professionals in the sector cite a calendar problem, with sales being too late in the year, as the reason for the decline. The trend affects all segments, women's, men's and children's fashion, as well as high-end brands like Gucci and Prada. The Commerce Alliance is asking the government to postpone the sales dates.