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Friday, 25 February 2022 15:41

South African garment industry impacted by COVID-19 disruptions: Report

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As per ResearchAndMarkets.com’s new report titled, ‘The Clothing Industry in South Africa,’ the garment industry in the country has been deeply impacted by COVID-19-led disruptions. With lockdowns and supply chain disruptions dealing a massive blow, Companies across the value chain decided to reduce their reliance on imported goods and increase local sourcing. Retailers in the country committed to increasing locally-made clothing ranges in their stores from around 50 per cent currently to 65 per cent by 2030.

The value/discount fashion segment recorded a relatively robust performance as customers flocked stores offering cheaper products. Online retail sales surged as people cut back on in-store shopping. Retailers prioritized cash preservation against new store openings in 2020. Focusing on clothing manufacturing and retail, the report includes comprehensive information on the state and size of the sector, notable players and their performance, developments and corporate actions, and factors influencing the sector including the effect of the pandemic on sales and the increase in online sales.

The report profiles 89 companies including major players such as Pepkor, Truworths and Woolworths, manufacturers such as Prestige Clothing and specialist companies such as Ubunye.