Swedish clothing sales drop
According to a report by Sweden’s “Today’s Industry” on August 14, the index of the Swedish Chamber of Commerce and Industry Stil showed that compared with July 2016, clothing and footwear sales of high-street fashion retailers fell by 1.7% and 1.7% respectively. 1.9%. Despite Sweden’s strong economic development, high-street clothing sales fell by 2% from January to July this year, and footwear sales fell by 2.7%. The sales of fashion retailers Kapp-Ahl, MQ, and H&M have also shown a downward trend since the beginning of the year, falling by 12.3%, 10.5%, and 14% respectively. In contrast, online clothing sales increased significantly, rising by 16%, while the growth rate in 2016 was only 0.4%.
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