European Fashion Industry Has Developed Steadily

- Nov 14, 2017-

  European fashion industry is showing strong strength. In September 2017, total sales of textile, apparel and footwear products in Europe increased 8.5% from a year earlier in 2016 and a 2.7% increase from August 2017.

  According to the official report released by Eurostatat Eurostat under the EU, the European fashion industry rebounded sharply after suffering a decline in sales in January 2017 (-2.8%). In addition, retail sales in Europe in September increased by 8.8% from a year earlier, an increase of 3.2%.

  The recovery and even strong growth of the European fashion industry is closely linked to the rally in the European tourism market. Many terrorist attacks in mainland Europe since 2015 have cast a shadow over Europe's trendy retail and travel shopping fashion. MKG, a research firm, said in January that the French hospitality industry lost about 675 million U.S. dollars in revenue in 2016. However, in the fourth quarter of last year, the number of French tourists rebounded slightly and gradually returned to stability.

  Global Blue Blue, a leading international tax refund service, also recently released a review of the European tax rebate consumer market. It shows that the turnover of European tax rebate shopping in the first nine months of 2017 increased by 11% over the same period of last year. The turnover of the British tax rebate shopping in the first three quarters of 2017 increased by 22% over the previous year, becoming the largest increase in the market, followed by Spain 18%, Italy 8%, France 7% (see the "Gorgeous" report : Global Blue Alliance: European tax rebate shopping return to growth track, the Chinese consumer accounted for up to 28%).

  In addition to the recovery of the tourism market, the growth of the European fashion industry also benefited from the growth of exports of various sub-categories and the recovery of the mainstream enterprises in the industry.

  Swiss watch exports in September once again achieved growth, exports to Singapore rose 6%

The first quarter of this year, the Italian footwear industry is now signs of recovery, exports to achieve 5% growth. LVMH Announces Sales Data for the First 9 Months of the Year: All categories except alcohol recorded double-digit organic growth, and the company said it will remain vigilant. Swiss Richemont Group announced the first five months of the new fiscal year data: the overall sales rebounded, the Chinese market double-digit growth. Gucci and YSL continue the strong performance, promote Kering Group sales growth in the first half fiscal 2%.