European fashion and retail stocks are under significant pressure as persistent inflation and a high interest rate environment force households to cut back on non-essential spending. While big brands are looking to the second-hand clothing market for a way out, discount chains have emerged as the real winners of the changed economic situation, although the Hungarian market is an exception to the European pessimism for now.
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European fashion and retail stocks are under significant pressure as persistent inflation and a high interest rate environment force households to cut back on non-essential spending. While big brands are looking to the second-hand clothing market for a way out, discount chains have emerged as the real winners of the changed economic situation, although the Hungarian market is an exception to the European pessimism for now.