Home / Knowledge / News / Apparel/Garments / Spanish garment shops start offering discounts on sales
Spanish garment shops start offering discounts on sales
10
Jan '13
courtesy: Finanzzas.com
courtesy: Finanzzas.com
True to their tradition, textile and clothing shops in Spain have started offering discounts (rebajas) on the purchase of their products from the next day of Reyes, the day of the Kings, usually celebrated on January 6 each year.
 
Asociación Empresarial del Comercio Textil y Complementos (The Business Association of Textile and Accessories Trade or ACOTEX) expects 85 percent of Spanish citizens to buy clothes during the sales season, with an average expenditure of 82 euros, down 3.5 percent compared to last season.
 
ACOTEX attributes the likely decline in clothing expenses this season to the current economic crisis in the country, stoppage of extra pay to public employees this year and a general cautious attitude of citizens in their savings and expenditure.
 
ACOTEX estimates total sales of €3,600 million during the January and February rebate period, contributing more than 20 percent to yearly sales.
 
The textile and apparel businesses are offering discounts ranging from 50 to 70 percent to encourage consumption and prevent drop in sales.
 

Fibre2fashion News Desk - India

Must ReadView All

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Courtesy: IRRC Institute

Apparel/Garments | On 27th May 2017

Up to 7.5 mn retail jobs in US at risk due to automation

About 6-7.5 million retail jobs in the US are likely to be automated...

Textiles | On 27th May 2017

Indian textiles ministry promotes wool sector

The ministry of textiles has taken multiple steps to promote the wool ...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search