Home / Knowledge / News / Textiles / Spanish textile sector sales drop 21% in 2008-12
Spanish textile sector sales drop 21% in 2008-12
03
May '13
The economic crisis years of 2008 to 2012 dealt a heavy blow on the Spanish textile and apparel sector, whose sales dipped 21 percent during the period, according to an Europa Press report.
 
The report says that about 46,300 jobs were lost in the Spanish textile and garment sector between 2008 and 2012 due to closure of 4,158 companies during the period.
 
Victorio & Lucchino and Hakei were among the firms that filed for bankruptcy during the years of economic crisis.
 
The trend of filing for bankruptcy proceedings has continued this year, and Candy Galician textile group as well as White requested creditors to restructure their debt.
 
In March 2013, retail sales in Spain fell by 10.9 percent year-on-year, according to the latest data from the National Statistics Institute (INE).
 
However, some Spanish companies like Inditex, Desigual and Mango, which have presence abroad, have found a lifeline in emerging markets of Asia and the Middle East, as well as Russia, where their exports/sales are increasing.
 

Fibre2fashion News Desk - India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search