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Financial News

Sunday April 26, 06:27 AM

 

 

The official summer sales only start at the end of June but already massive discounts are on offer

By Philippe Desmazes

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A store advertises a sale in Madrid. Faced with declining sales due to Spain's worst recession in a generation, Spanish clothing retailers like Zara have launched a fierce price war that has contributed to the risk of deflation. A store advertises a sale in Madrid. Faced with declining sales due to Spain's worst recession in a generation, Spanish clothing retailers like Zara have launched a fierce price war that has contributed to the risk of deflation.


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