Clothing sales in Portugal and Spain rise 26% compared to 2020
NIn a sector analysis released today, Informa D&B needs that the sector’s joint turnover in the two countries reached 14,200 million euros in 2020 and recalls that “in 2020 and in the first months of 2021 this sector was strongly affected by the sanitary measures adopted to contain the pandemic, “with very important” falls in turnover of 37.7% in Portugal and 39.1% in Spain.
“The impact of the pandemic caused a strong deterioration in the sector’s profitability in 2020, with a significant increase in the weight of procurement and personnel costs,” said D&B.
According to one analysis, “this scenario has also led to a reduction in the number of retail trade regulations for clothing and home textiles in both Spain and Portugal”.
The number of specialized stores was around 60 thousand at the end of 2020, of which 47,100 in Spain and around 12,900 in Portugal.
Alongside these, they operate non-specialized adapted ones such as large warehouses, adaptable sports equipment, hypermarkets and a growing presence of ‘online’ stores.
The sector presents an increasing concentration, affirms D&R, quickly indicating that in 2020, the five main operators held a joint market share of 59% in the Iberian market as a whole, while the top ten were responsible for around 72% of total sales.
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