The Spanish apparel retail stores have witnessed a decrease in the rate of unemployment due to lesser number of outlets shutdown in the country in the recent months.
According to ‘The Textile Trade in Figures 2012 report’ published by the Business Association of Textile Trade and Accessories (ACOTEX), there was a shutdown of 230 retail stores in Spain’s apparel sector in the year 2012. The number is much lower in comparison to the closure of 13,142 stores recorded since the beginning of economic crisis in 2006.
The report states that the number of jobs in the Spanish apparel retail outlets fell by 2.33 percent in 2012 to 190,014 people, which represents 4,540 workers less than in 2011. The drop in number of employees in the clothing retail is mainly caused by the current economic crisis in Spain.
However, Borja Oria, president of ACOTEX, said the fewer number of store closures recorded in the previous year will lead to a subsequent decrease in the loss of jobs in the Spanish garment retail sector.
Speaking to the media, Mr. Oria disclosed three ways to survive the current economic crisis in Spain. The three plans include new technologies for improved communication and better sales, internationalization and training in customer relations.
The ACOTEX president also highlighted the rising impact of e-commerce in the apparel sector and said that Spanish apparel brands should enter the e-commerce sector.
