SWEDEN: Sombre Year In Store For Clothing And Footwear - HUI
The clothing and footwear sectors can expect a gloomy year, with only flat or modest growth likely, the Swedish Research Institute of Trade (HUI) told Swedish daily Dagens Industri Monday. Carl Eckerdal, retail analyst at HUI, predicts a brighter picture for retail in general: "Our prognosis for all of 2001 is an increase in private consumption of 3.6 per cent, and it is reasonable that the first half of the year will be below average."
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