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

Characteristic	Annual average LfL change
Moderate decrease	-32%
Average decrease	-52%
Deep decrease	-79%

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Release date

March 2020

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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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