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Financial News

Sunday April 26, 06:27 AM

 

 

Spanish consumers spent an average of 584 euros on clothing last year, 37 euros less than in 2007

By Philippe Desmazes

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Women walk by an ad for 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. Women walk by an ad for 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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