At the identical time, authorities interventions will partially offset economic impacts, and global travel will pick up, alongside the potential for bigger social gatherings. In that scenario, we would see markets such as China recovering strongly. We predict a 5 to 10 p.c sales growth in China in 2021 compared with 2019. Europe, on the opposite hand, will most likely continue to really Fashion Update feel the results of subdued vacationer arrivals, main in 2021 to a 2 to 7 percent gross sales decline from 2019. Moreover, precrisis levels of activity are unlikely to return earlier than the third quarter of 2022. We expect an analogous trajectory in the United States, with gross sales down 7 to 12 p.c next yr compared with 2019, and solely a modest restoration earlier than the primary quarter of 2023.
- From a flower-powered kids’ sweatsuit to cozy, quilted mittens to a surprisingly shiny purse,