Recent Study: Apparel in Italy
Italy’s severe economic recession is having a negative impact on sales of apparel. Aggregated data from 2008 to 2012 shows an overall decline in domestic sales and consumption across all apparel categories. 2012 was the worst year for the Italian economy since the onset of the economic crisis as a combination of internal and external factors contributed to steep economic decline. High taxes, increasing unemployment, the VAT increase from 21% to 22% and low consumer confidence were some of the...
View full press release