Russia'S Market Is Declining, European Apparel Begins To Withdraw

It is reported that in addition to the decline in macroeconomic indicators reflects the continuous recession of the economy, some phenomena can better reflect the depth of the economic crisis.

Because of the uncertain economic development prospects and consumers' cautious shopping, some European famous brand clothing began to withdraw from the Russian market.

Due to the sudden drop in consumer demand, the depreciation of rubles and the increase in import tariffs, the original plans of Dior, Chanel, Louis Vuitton, Max Mara, Escada, Kiton, which originally planned to officially open offices in Moscow in 2009, have abandoned the original plan.

Sellers believe that the most assured consumers of these well-known brands are not only experiencing the "shock" of the economy, but also experiencing the "shock" of morality, and have lost hope for the future.

Editor in chief: Xu Qiyun