New Market Study Published: Cafes/Bars in Spain
There is consensus in the industry that in 2011 there were two major factors influencing the development of cafes/bars in Spain. First was the poor economic situation. The fact that in the third quarter of 2011 the Spanish economy stagnated, and in the last quarter recorded a decline, aggravated the high unemployment rates in Spain. As a consequence, Spaniards cut back on leisure activities, dragging the sales of cafes/bars. Second was the ban on smoking which came into force in...
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