Russian clothing, etc. sales fall for first time since

According to news from the Russian REGNUM website on January 10, “Kommersant” reported on January 10, citing expert analysis data, that sales of Russian clothing, footwear and related accessories declined in 2019. 3-4%, the first decline since 2015. Experts analyzed that the main reasons for the decline are as follows: first, the actual income of residents dropped, second, the value-added tax was raised, third, inflation, and fourth, autumn and winter were warmer than in previous years. Another factor is that people’s demand for products has declined. The original mid-price products have become popular, and the original popular products have become more economical.