The textile sector increases its sales by 6.1% in November thanks to ‘Black Friday’

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Despite economic uncertainty, the textile sector shot up its sales by 6.1% during the month of November compared to the same month of 2021, leaving the annual accumulated with an increase of 13.6%, according to data from the Fashion Barometer of the Textile, Accessories and Leather Business Association (Acotex).

Specifically, sales in November have focused on the last weeks of the month, coinciding with the discount day of the ‘Black Friday’ and with weather more in line with the season of the year, which has encouraged customers to make purchases.

Regarding the participation of businesses in ‘Black Friday’, this has been varied, since, on the one hand, there have been businesses with important discountsothers with light discounts and others that have not even made any type of discount on those days.

Uncertainty due to price increases

The textile employers now face the Christmas campaignthe “most important of the year” for the sector, and which is presented with “some uncertainty”, since customers have less money for the price increase of electricity, gas, gasoline or the shopping basket and allocate the available retan mainly to food and payment of supplies and mortgage.

However, Acotex has stressed that at Christmas, customers usually carry out useful gifts where fashion has its place. On the other hand, and given the current economic situation marked by inflation, the employers have again demanded from the Government a reduction of taxes and fiscal charges for both companies and families so that they have higher income available allowing a higher expense.

Source: lainformacion.com

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