The growth of the Dutch garment industry will decline
According to a research report released by Dutch bank and research institution Locatus, the Dutch garment industry will further decline. In 2019, more than half of the garment industry retailers have seen their sales decline.
The overall sales of the Dutch garment industry increased by 2% in 2018, which was entirely attributed to online sales. If online sales are excluded, its turnover will decline by 5%. ABNAmro predicts that in 2019 The ready-made garment industry will see zero growth.
The revenue of the Dutch garment industry has been declining for some time. Due to the fierce competition in the industry, the rise of virtual warehouses has forced traditional physical stores to further defend themselves.
Researchers said that because fixed costs account for a large part of total costs, the decline in sales directly affects profits. The average number of children’s clothing stores, women’s clothing stores, and men’s clothing stores Profit margins (based on operating performance) range between 3-5%, with lingerie stores averaging 2% and hybrid fashion stores averaging negative margins.
Surprisingly, the location of the store determines the difference in revenue. The turnover of clothing stores located in the top area A is 3 times higher than that of other areas. Per square meter Rice sales were more than four times higher.
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