Spain's Economy Is Not Optimistic. Where Is The Confidence Of Fashion Brands?

Due to the drag of real estate loans, banks are facing a situation of collapse. Spain has suffered two economic crises for two consecutive years. The economy of the country is expected to regress by 1.7% this year.

Santa Eulalia's CEO Luis Sans said: "although the purchasing power of consumers in Spain has been reduced, the number of tourists in Barcelona and other places has been numerous, especially those from Russia, China and Brazil, whose purchasing power is very strong.

Last weekend, the euro area will be rescued by 125 billion dollars in Spanish banks. The global stock market fluctuated, Tokyo's Nikkei225 rose by 2%, Milan's FTSE MIB increased by 2.8% to 13010.75, Paris's CAS 40 fell 0.3% to 3042.76, London's FTSE fell by 0.1%, and the Dow Jones index of the United States dropped by 1.1%.

Spain's banks are facing bankruptcy because of the drag on real estate loans. Spain has suffered two economic crises for two consecutive years. The economy of the country is expected to regress by 1.7% this year.

But despite the euro zone's rescue, Spain's economy is still not optimistic.

Many brands have been forced to make ends meet, but many fashion brands still have confidence in the future.

Retailer Elena Benarroch said: "we will soon get out of these chaotic situations. Although the situation is not good this year, business has been greatly affected, but we have persevered. After that, consumption in Spain will become more rational, and consumers will only buy the goods they need."

Santa Eulalia's CEO Luis Sans said: "although the purchasing power of consumers in Spain has been reduced, the number of tourists in Barcelona and other places has been a lot, especially those from Russia, China and Brazil, whose purchasing power is very strong."

Many of Spain

Also began to shift the focus from the original domestic market to overseas markets, and for

How to restructure and relocate is also a key factor.