Retail sector hits an all time high sale

12 Apr '08

2 min read

The retail sector has become one of the most promising and profit making industry for any nation. The Czech Republic in 2007, also experienced a record breaking sale in textile retail sector. The revenue generated from sales rose from merely Kc1 billion to all time high Kc24 billion.

The strategy that Textile and Clothing industry of Czech is implementing for making the sector even stronger is to boost efficiency and increase the level of competition in domestic as well as international arena.

Experts believe that, by combining innovation and focusing more on research in field of textile, a lot more can be achieved. Technical garments and fashionable clothing are some of the areas that are unexplored and huge profits can be made from entering into this segment.

According to a survey, the spending capacity of consumer has increased tremendously, bringing sudden rise in demand of goods. These days, on-line purchasing tendency has increased among younger generation which is considered to be the easier way out. As a result manufacturers are opting to sell their products through internet, to get access to a wider range of customer.

Overall retail trade sales increased by nearly 6.8 percent last year, while boost in textile and footwear retail sector was almost 15.7 percent.