Tuesday, October 14, 2014

THE TEXTILE SECTOR BET IN THE LAST QUARTER

The Serasa Experian Indicator pointed 0.9 percent advance in retail sales of textiles, clothing, footwear and accessories in September, compared to August. In nine months, the sector grew by 0.7%. With that, the Institute of studies and Industrial Marketing (IEMI) predicts a growth of 1.5% to 2% in retail sets for this year, less than the forecast made at the beginning of the year of 3.4%. "After the World Cup and the first round of elections, retailers started to have a faster pace and the expectation of a breakthrough in sales with year-end promotions and Black Friday," says Ruben Abreu, Executive Director of the Brazilian Textile retail Association (Abvtex). (Value)
Giro News - 14/10/2014
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