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FRANCE: clothing sales continue to weaken

THE LATEST figures provided by the Institut français de la mode (Ifm) show that consumption of clothing in France had declined by 0.8 per cent in the first eight months of 2015, following the decline of 1 per cent recorded in full year 2014. The Ifm reports that volume has remained constant but that prices paid have continued to flag. While low cost chains tended to lose sales, or at best to stagnate, department stores raised their sales by an average of around 4 per cent, largely as a result of the weak Euro that attracted foreign tourists.

 

Chantelle

Chantelle

As long as high unemployment continues to sap French consumers’ confidence, no significant rise in clothing consumption can be expected.

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