The Russian Apparel Accessories Market Will Fully Recover In 2012.

2011/11/4 14:52:00 10

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Recovery Of Russian Apparel Accessories Market

Russia

Business consulting website reported on November 2nd.

Economic crisis

Before, the clothing accessories market is one of the fastest growing markets in Russia.

The factors contributing to the dynamic development of the market include: the widespread use of clothing accessories in daily life, the vitality of the clothing market

A surge

The growth of residents' purchasing power, as well as a large number of large enterprises such as Diva, Accessorize, Claire 's, InessM.PARIS, GUESS Accessories, entered the Russian market.

In 2008, the growth rate of Russia's clothing and accessories market slowed by nearly 1/2 under the influence of the global economic crisis.

In 2009, sales in dollar terms decreased significantly, and because of the exchange rate differences, the ruble computing market did not shrink, which is very important for Russia's clothing accessories market, because, according to various estimates, imports accounted for 65-90% in the Russian market.

Sales declined in 2010, in dollar terms.

Sales volume

An increase of 15%.

The global financial crisis has not only affected the sales of clothing accessories, but also affected the competitive situation in the market.

Many retailers have less store revenue.

Czech's Jablonex and Pur-Pur retail networks have two major businesses withdrawing from the market.

One of the latest trends in the fashion accessories market will be

market share

Will be redistributed.

The entire clothing accessories market will be fully restored in 2012, when consumption will increase to near pre crisis speed.