Crisis industry: that's how the Dan & Bradstreet Index determines • Causes: online shopping, cheap shopping and the short winter

• Fashion Store // Illustration Illustration: Joshua Joseph

Try to remember the fashion shops in the country you love. Well, 12 of every 100 of those are going to close next year, which is just a little more (5.8%) than the number of stores closed this year. This is evident from one of the Dan & Bradstreet metrics first published here.

According to Dun & Bradstreet, approximately 750 fashion stores are expected to close in the country in the coming year. These data indicate the high level of risk in the industry.

"The main reason for this is the increase in online purchases in recent years from international sites," says Efrat Segev, vice president of economics, information and research at Dun & Bradstreet. The open sky reform, which created shopping trips, also affected the drop in store purchases. Another reason is the number of winter days in Israel, which has shrunk in recent years, so winter fashion items have become more expensive. "

With the networks that have run into difficulties lately, it is possible to enumerate the discreet women's fashion chain, which, as of last July, is freezing proceedings. According to publications, its debts to creditors amounted to about NIS 26 million.

The Cassidy women's fashion chain also ran into flow difficulties last May. Its employees filed for liquidation against it, claiming they did not receive the April 2019 salary and that the company had no financial sources to pay their salaries. The Zebra network ran into flow difficulties in January, and in May it was acquired by Select Network for about NIS 15 million. More than ten of its branches were closed. Dun & Bradstreet points out that Castro, Golf and Fox chains also saw a setback in their business results this year.