Shoes and clothing stores hard hit by recession
Wednesday 03 October 2012
Clothing and shoe shops are being hard hit by the recession with sales down sharply in the second quarter of this year and bankruptcies doubling, according to national statistics office CBS.
Sales of shoes were down 10% and clothing 7% between April and June, compared with the year-earlier period, the CBS said.
For example, earlier this week the 103-branch Henk clothing chain went bust. According to media reports, the 400 staff had not been paid for the past two months.
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