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Research

China’s apparel market to shrink by $60B this year

May 28, 2020

The apparel market in China will decrease 15% this year, per Oliver Wyman. Image credit: Oliver Wyman The apparel market in China will decrease 15 percent this year, per Oliver Wyman. Image credit: Oliver Wyman

 

By Dianna Dilworth

China’s apparel market is expected to contract by $60 billion, or 15 percent, in 2020 as the store shutdowns during the COVID-19 coronavirus outbreak hampered sales in the category.

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