When "Altesh" landed...Online Fashion Sales in August 17.8% ↓

The contraction of our online fashion market is becoming clear as the Chinese e-commerce machine, represented by AliExpress, Temu, and Xuin, expands its domestic influence.

According to the Ministry of Trade, Industry and Energy's sales statistics of major domestic retailers, sales in the online fashion and clothing sector fell 17.8% in August from the same month last year, the largest decline this year.

The decline in online fashion and clothing sales compared to the same period last year has continued from December last year to August this year.

In addition, sales in the online sports sector also fell 12.7% in August for the first time in a year, showing negative sales for three consecutive months.