EU Clothing Market Seriously Affected by Recession, IFM Says

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2 December 2008 - The European Union clothing market would fall 2.5% in the next year after already declining 1% in 2008, according to the Paris-based IFM, the French Fashion Institute. The German and Spanish markets would be hardly hit while UK would more resist. Sourcing trends may also be modified by the economic recession to the detriment of the Mediterranean rim. Price pressure is now being felt which could boost clothing chains of hard discounters on EU's market, in addition.

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