GLOBAL CLOTHING RETAIL TRENDS SHOW GREAT DIVERSITY AS ECONOMIC RECOVERY ACCELERATES
March 1st, 2011
BY LEE ADENDORFF
For some it was a total disaster, for others a bump in the road, but the recession left no part of the clothing and textile retail sector unscathed. World Trade Organisation (WTO) statistics from 2009 show that while globally important manufacturing jurisdictions such as China and the European Union (EU) suffered 11% and 15% drops respectively in clothing exports, countries such as India, Vietnam and Bangladesh lost just a couple of percentage points and in India's case, exports remained stable.
Local demand also slumped in Europe, the United ...
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