Home / Knowledge / News / Apparel/Garments / Spanish apparel traders seek measures to curb job losses
Spanish apparel traders seek measures to curb job losses
31
Jan '13
Clothing and textile traders in Spain have urged the Government to quickly implement measures to boost consumption and to curb job losses.
 
In 2012, Spanish retail sales declined by 6.8 percent year-on-year, the biggest drop since the global financial crisis about five years ago, according to the data of the National Institute of Statistics.
 
During the Christmas season in December, retail earnings dropped by 10.2 percent year-on-year.
 
The increase in Value Added Tax (VAT) is one of the main reasons for the drop in retail sales in 2012, according to Borja Oria, president of Business Association of Textile and Accessories Trade (Acotex), Spanish newspaper Expansión reported.
 
The Government should lower the VAT on apparels from the existing 21 percent to 16 or 18 percent and also take measures to reduce job losses, he said.
 
In addition to increase in VAT rate, stoppage of additional bonus to Government officials and high unemployment rate have together brought down consumer confidence to its lowest level, Oria said.
 
He added that low consumer confidence was also the reason behind an increase in sales during the discount season this year. Acotex estimates 40 percent of all retail apparel sales in 2012 were made during the discount season compared to 25 percent of sales during the previous year.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Aug 2016

China to extend duty-free benefit to 17 Bangla products

China is planning to add 17 more products from Bangladesh, including...

Textiles | On 23rd Aug 2016

‘Low yields could make India a cotton importer’

In spite of the largest cotton acreage in India, the yields are very...

Apparel/Garments | On 23rd Aug 2016

China to dethrone US as world’s biggest retail market

“China will dethrone the current leader, the US to become the world’s ...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Amardeep Singh
Orient Craft

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

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
August 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search