Home / Knowledge / News / Textiles / Spanish textile trade to grow 4% during Christmas: ACOTEX
Spanish textile trade to grow 4% during Christmas: ACOTEX
02
Dec '13
After six years of continuous decline due to economic crisis, sales of textiles in Spain, is estimated to grow by 2 to 4 percent year-on-year during the Christmas season, according to the Business Association of Textile and Accessories (ACOTEX).
 
Borja Oria, president of ACOTEX, said trade will begin to recover during Christmas season in the country, which would also result into increased employment in the industry, reports Spanish news agency EFE.
 
Fashion products, clothing and accessories, still continue to rank first amongst the most desired gifts by people, and thus textile trade during Christmas season will receive a significant boost, he added.
 
Mr. Oria informed that last year, a decline of 11 percent was recorded in textile sales, which was a cumulative drop of 30 percent over the past six years in Spanish textile trade. The ACOTEX official is of the view that higher taxes, especially value-added tax (VAT), during 2012, also negatively impacted trade in the country.
 
According to ACOTEX, another factor that would boost textile trade is bonus payments received by the employees during the season which would also result in increased expenditure. The association also estimates that spending during Christmas would increase to €671, from last year’s €659.
 
Moreover, the ACOTEX official stressed that Christmas is a crucial time for the Spanish economy as rise in the number of jobs would result into reintegration of thousands of people who are currently unemployed.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Steve Cole
Xerium Technologies

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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:
June 2017

June 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