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Accumulated during the period from January to October, sales of the clothing trade fell by 16.7 percent, while those of footwear decreased by 29.5 percent.
Mats Hedenström, head of corporate policy at Svensk Handel Stil, says in a comment that the development of the clothing and footwear trade is “completely unsustainable and the crisis is almost total.”
“Fear a major recession”
– In addition, there are the restrictions with the deterrence of visits to stores and shopping centers, which now cover 80 percent of the Swedish population, which is not captured by this survey. We have reason to fear an even bigger decline for the industry in the future, he says.
Mats Hedenström now wants the state to take responsibility for the financial consequences when an industry is more or less subject to a trade ban.
– The support measures announced are essentially good, but they are not enough to stop the economic disaster that threatens an already vulnerable industry, he says.
Swedish trade on the risk of new restrictions
