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

Apparel/Garments | On 28th Sep 2016

CMAI inks MoU with Chinese textile trade body CCCT

Indian apex clothing association, the Clothing Manufacturers...

Textiles | On 28th Sep 2016

India sees largest gain on WEF’s Competitiveness Index

India has shown the largest gain made by any country on the World...

Textiles | On 28th Sep 2016

Oerlikon to show new yarns and fibres at ITMA+CITME expo

The Oerlikon Manmade Fibers segment, the world market leader for...

Interviews View All

Riddhika Shah
SS Homme

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Suresh Patel
Sidwin Fabric

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

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

Wendell Rodricks
Wendell Rodricks

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

Pranav Mishra
Huemn

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

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search