Release of pent-up demand likely as infection rates decrease: Coats MD

While COVID-19 has been hugely disruptive and there are ongoing second waves in many regions, there are enough green shoots around the world which point to a revival. “Apparel retail sales in Europe in May and June have exceeded expectations. Many footwear and home textiles majors are reporting strong growth. India showed a major bounce back in Jan-March 21 before the second wave hit,” Jaigopal told Fibre2Fashion in an interview.

However, the market will continue to be volatile – lockdowns continue, supply chains are yet to be fully restored and the global freight situation is still disturbed. “Also, new trends are emerging. There is a definite shift from formal wear to athleisure and e-commerce will continue to accelerate. Companies that ride this change will outperform competitors and the industry,” he added.

Click here for the full interview.

ALCHEMPro News Desk (KD)