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

Pic: Shutterstock

Textiles | On 15th Jan 2021

US detains cotton products from China's XUAR from Jan 13

US Customs and Border Protection (CBP) recently announced it will...

Pic: Christopher & Banks Corporation

Retail | On 15th Jan 2021

CBKC in US voluntarily files for bankruptcy protection

US specialty women's apparel retailer Christopher & Banks Corporation ...

Pic: Shutterstock

Textiles | On 15th Jan 2021

Hanoi to allocate more than $41 million to support SMEs

Hanoi will allocate VND957 billion (more than $41 million) to assist...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Textile Industry, Head honchos

Textile Industry
Head honchos

Cooperate and collaborate for greater good

Abhishek Ralli,

Abhishek Ralli

Founded in 1962 in Agra, Guide Footwear manufactures men’s footwear for...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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

Leave your Comments


January 2021

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


Advanced Search