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Like-for-like change of fashion retailers due to COVID-19 in Poland 2020

In the moderate decline scenario, which is the most positive of all considered, it appears that a month of public isolation due to the COVID-19 outbreak, and consequently, a drop in revenue, will lead to a loss of liquidity among fashion companies. Therefore, the average annual sales growth rate in the fashion industry is projected to decline by 32 percent.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Like-for-like sales change of fashion retailers due to the coronavirus (COVID-19) outbreak in Poland in 2020, by scenario*

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Source

Release date

March 2020

Region

Poland

Survey time period

2020

Supplementary notes

Like-for-like (LfL) - sales in the same stores in the comparable period.

* 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.

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