Fashion retail is increasing, despite
Photo: Fredrik Sandberg/TT

Fashion retail is increasing, despite uncertain global situation

Sales of clothing and shoes increased in April compared with the same month last year, according to the Style Index from Swedish Commerce.

The latest survey by the Swedish Chamber of Commerce shows that clothing sales rose by 1.3 percent, while shoe sales rose by 1.1 percent. Particularly notable are so-called premium sales, which increased by a full 14.4 percent in April compared to last year.

Sofia Larsen, CEO of Swedish Trade, said in a press release that households' purchasing power appears to be strengthening this year, even though the growth rate has slowed somewhat since March.

“But this assumes that the conflict in the Middle East does not have more serious consequences,” she said.

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
Was this useful?

What do you think?

Keep readingmore from Business

All