Apparel and Footwear in Italy - New Report Available
Value sales of apparel in Italy continued to decline in 2013 in both volume and value terms. The deterioration of the economic situation continues to have a negative impact on demand for apparel, with consumer purchasing power becoming increasingly limited due to rising unemployment, higher taxation, VAT increases of up to 22% and stagnating wages. Amidst such adverse circumstances, consumers are choosing to prioritise their purchases, preferring to purchase essential items such as food and...
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