retail sector

Spanish economy 12th March 2024

Spain’s adjusted retail sales growth accelerates moderation to +0.3% year-on-year in January

Bankinter| Spain’s retail sales growth moderates to +0.3% year-on-year in January 2024 from +2.7% year-on-year revised down previously (from +3.1%), in data at constant prices and adjusted for seasonal and calendar effects. Assessment: Adjusted retail sales growth accelerates the moderation it has been showing since the end of last year. This is a negative surprise in view of the good performance of Social Security enrolment at the beginning of the…

Companies 17th September 2014

Spanish Zara owner Inditex’s sells more, yet earns less

MADRID | The Corner | The world’s largest clothing retailer Inditex posted a net benefit of €928 million in the first fiscal semester (February 1 to July 31), 2.4% less than a year before due a strong euro, new store openings and renovation costs. And yet, it managed to incresase sales at its more than 6,400 stores rose 5.6 percent to €8.1 billion. The firm, which has outperformed many of its rivals during the economic crisis, will share a dividend of €0.242 euros on Nov 3.

In Europe 2nd April 2012

UK high streets need government funds as customers still paying for Christmas

LONDON | It might prove to be a time bomb for British high streets: one in five people aged between 18 and 44 are still trapped in debt they incurred in to cover consumption last Christmas. Research from Halifax shows that 14% of people are still paying for Christmas either on a credit card, through their overdraft or via a loan. However, fewer of the older generation are in the red…