Assocal estimates Q1 losses at €1.7 billion
13/05/2020
Italian footwear manufacturers’ association Assocalzaturifici has said a survey of 88 of its member companies suggests an average drop in sales of 38.4% in the first quarter of 2020. This has allowed it to estimate losses for the quarter of €1.7 billion for the Italian shoe sector, although this number, clearly, is not official.