Argentina’s Fashion Retail Sector on Road to Recovery

Clothes gross sales rose 38.5 % year-on-year in August. Shutterstock.

Retail gross sales of clothes, lingerie and equipment grew 38.5 % year-on-year in August, in response to knowledge from the Argentine Chamber of Medium Enterprises (CAME). This represents gross sales 5 % decrease than in the identical month in 2019, pre-pandemic.

Consumption in buying centres, supermarkets and the general wholesale phase has been rising in current months, CAME’s report mentioned, recovering steadily for the reason that affect of the pandemic hit the sector in 2020.

Of companies surveyed by CAME, 40.6 % mentioned they had been faring higher than in 2019.

Within the first eight months of the 12 months, SME retail gross sales total recorded an annual improve of 13.7 % year-on-year, however decreased 12.3 % in comparison with the identical interval in 2019.

Be taught extra:

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