New Market Report: Women's Outerwear in Spain
Reduced purchasing power is a reality in Spain. Low-cost retailers, such as Inditex, Mango, Primark and H&M are taking advantage of the situation, as they can more easily offer low prices compared to small competitors. Mango decided to reduce its prices, while the rest did not apply the VAT increment to the final price, absorbing the difference. On the other hand, these measures imply important losses for small and medium companies which cannot count on big manufacturing orders and on...
View full press release