Fashion and textile sector
In the fashion industry, emotions and creativity on one hand and ratio and numbers on the other hand come together. It is a dynamic sector with many aspects.
Your risk
On a yearly basis, Dutch consumers spend between 8 and 9 billion euro on clothes. The market scope is stable, but the number of stores is growing slowly. Beacuse of this, competition between fashion companies is heavy. Average prices hardly increase and the number of unsold pieces increase slowly too.
Consumers don't follow trends anymore. This results in decreasing shop and brand loyalty and clothes from different segments are being combined. Consequently, margin pressure is high.
Our advice
Euler Hermes makes sure you can do business without qualms. A specialised team follows all economic developments in this sector closely to advise you in time.
To anticipate to the specific needs of companies in the fashion and textile sector, Euler Hermes has several cooperations with different trade sector organisations:
Nederlands
Euler Hermes Group
