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Fashion Network
21-05-2025
- Business
- Fashion Network
Italian fashion industry forecasts 3.8% revenue drop in H1
The Italian fashion industry started the year on a negative note, posting a 5.8% revenue downturn in the first two months of 2025. The industry's core sectors recorded a significant drop in revenue, losing 7.7%, while the results for ancillary and related sectors were on par with last year. The figures were published by the Italian Fashion Chamber (CNMI) in conjunction with the presentation of the upcoming Milan Fashion Week Men. In early 2025, sell-in prices were at similar levels compared to the previous year, while consumer prices increased by a modest 0.8%. Retail sales for apparel and footwear in Q1 were in negative territory. In the first two months of 2025, exports for ancillary and related sectors grew by 5.5%, while those for core sectors slumped by 6%, affected by a marked decline in exports to China (down 24.1%). Overall, exports decreased by 2.8%. Imports for the core sectors bounced back in early 2025, increasing by 8.6%, driven by a 30.2% increase in goods sourced from China, and by increased imports from Spain (up 12.8%). Imports also increased in ancillary and related sectors (up 9.4%). In the first two months of 2025, the Italian fashion industry recorded a trade surplus of €4.2 billion, down €1.1 billion from the same period in 2024. The forecast for the industry's H1 revenue is a downturn of 3.8%, while the year-end result remains highly uncertain, owing to the US trade policy's radical change and instability, and the unpredictable outcome of the tariff negotiations.
Fashion Network
21-05-2025
- Business
- Fashion Network
Italian fashion industry forecasts 3.8% revenue drop in H1
The Italian fashion industry started the year on a negative note, posting a 5.8% revenue downturn in the first two months of 2025. The industry's core sectors recorded a significant drop in revenue, losing 7.7%, while the results for ancillary and related sectors were on par with last year. The figures were published by the Italian Fashion Chamber (CNMI) in conjunction with the presentation of the upcoming Milan Fashion Week Men. In early 2025, sell-in prices were at similar levels compared to the previous year, while consumer prices increased by a modest 0.8%. Retail sales for apparel and footwear in Q1 were in negative territory. In the first two months of 2025, exports for ancillary and related sectors grew by 5.5%, while those for core sectors slumped by 6%, affected by a marked decline in exports to China (down 24.1%). Overall, exports decreased by 2.8%. Imports for the core sectors bounced back in early 2025, increasing by 8.6%, driven by a 30.2% increase in goods sourced from China, and by increased imports from Spain (up 12.8%). Imports also increased in ancillary and related sectors (up 9.4%). In the first two months of 2025, the Italian fashion industry recorded a trade surplus of €4.2 billion, down €1.1 billion from the same period in 2024. The forecast for the industry's H1 revenue is a downturn of 3.8%, while the year-end result remains highly uncertain, owing to the US trade policy's radical change and instability, and the unpredictable outcome of the tariff negotiations.
