Poland: fashion industry cash gap due to COVID-19 2020

In the moderate decline scenario, which is the most positive among those considered, a month of society's isolation due to COVID-19 outbreak and the resulting drop in revenue will causes a loss of liquidity to the fashion companies. Even after receiving an aid package of nearly 400 million zloty, estimates imply that the industry will run short of10.9 billion zloty.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Cash gap in companies operating in the fashion industry resulting from the coronavirus (COVID-19) outbreak in Poland in 2020, by scenario* (in billion zloty)

Characteristic	Cash gap in billion zloty
Moderate decrease	10.9
Average decrease	16.1
Deep decrease	32

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Release date

March 2020

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Region

Poland

Survey time period

2020

Supplementary notes

* Moderate decrease scenario - isolation lasts one month and ends after Easter 2020 (mid-April).
Average decrease scenario - insulation lasts two months and ends in mid-May 2020.
Deep decline scenario - isolation lasts until mid-May 2020 and is reintroduced in October and November 2020 and March and April 2021.

Each of the scenarios already includes the aid package declared by the public administration, in accordance with the wording of the projects and laws valid as of 30 March 2020. PwC analysts estimate the total value of this support in the range of 0.4 - 2.3 billion zloty, depending on the scenario.

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