Italian Fashion Industry After The Epidemic: Only A Quarter Of Enterprises Have Not Encountered "Financial Crisis"
During the blockade caused by the new coronavirus, Italy's fashion industry was forced to close down on a large scale. By the end of July, less than 30% of the enterprises had not resumed production.
According to a survey conducted by cna federmoda and local global on the Italian textile, clothing, leather and footwear industries, one fifth of Italian fashion enterprises shut down for at least six weeks during the epidemic period, and 10% of them stopped working for 9 to 10 weeks.
By the end of July, more than 70 Italian fashion enterprises have resumed production. Another 15% plan to resume production within 2020, 3.3% of them will be closed down completely, and 10% of them are unable to give the exact time to return to work. Leather goods is one of the most rapid industries to restart, and 85.7% of them have resumed production by the end of July. The companies surveyed included brands, retailers, contractors and parts suppliers.
However, even the enterprises that have resumed work still need to face the problems such as the decline in the number of orders and the financial tension. Compared to at least two-thirds of the business's sales, the loss is more than 30%.
Only 7.2% of companies said they would maintain their investment plans for 2020, and three-quarters of corporate debt increased. A large number of enterprises reduce their pressure by means of layoffs, loans and negotiations to reduce rent, and seek subsidies from the government. Only 10.5% of enterprises did not apply for relief from the state, and more than half of enterprises applied for loans from banks. Only a quarter said they had no financial difficulties.
Marco landi, President of the Italian handicraft sector and cna federmoda, said: "the impact of the epidemic on the fashion industry is enormous. 2019 is satisfactory, while the first few months of 2020 are quite the opposite. We are looking at the further impact of the epidemic. "
- Related reading
E-Commerce Brands Reshape The Production And Marketing Process Of Factories
|
Vietnam'S Textile And Clothing Exports Decreased By 11.7% From January To July
|
- Fashion shoes | Reebok X Maison Margiela New Co Branded Black Soul Shoes
- Fashion shoes | Mocha Small Anti Hook Air Jordan 1 Release Date Update, Texture, Color Are Similar To The Back Hook!
- News Republic | Details Page Can Be Automatically Generated Era Brand Clothing Enterprises How To Rise
- Shoe Express | Vision Street Wear 2020 F / W Replica Available Soon
- Fashion shoes | Air Max 90 For The First Time And 2020 "Halloween" Shoes
- Instant news | The Chinese Embassy In Myanmar Held A Forum On Textile And Garment Enterprises With The Chinese Chamber Of Commerce Of Myanmar
- Market trend | Cowboy Market: Foreign Trade Orders Return To Domestic Market In July
- Local hotspot | Qiyang County Textile Shoe Industry Chain Construction Meeting Held
- Fashion shoes | Adidas X Atmos Co Branded ZX 1180 Boost Shoes Released
- Fashion shoes | The New Bucks Color Of The Letter Brother'S Boots Zoom Freak 2 Gives Off A Strong Fighting Atmosphere
- Shangshui County Magistrate Tian Lin Led A Team To Zhejiang Shengtai Textile And Garment Group
- Xianyang Xinxing Textile Industrial Park: Speeding Up Project Construction And Boosting The Implementation Of "Six Stability And Six Guarantees"
- "Garbage Shoes" Air Force 1 Shoes Released, The Beauty Of The Sky ~
- Reebok X Maison Margiela New Co Branded Black Soul Shoes
- Mocha Small Anti Hook Air Jordan 1 Release Date Update, Texture, Color Are Similar To The Back Hook!
- Details Page Can Be Automatically Generated Era Brand Clothing Enterprises How To Rise
- Vision Street Wear 2020 F / W Replica Available Soon
- Air Max 90 For The First Time And 2020 "Halloween" Shoes
- The Chinese Embassy In Myanmar Held A Forum On Textile And Garment Enterprises With The Chinese Chamber Of Commerce Of Myanmar
- Cowboy Market: Foreign Trade Orders Return To Domestic Market In July