Jürg Rupp writes for Textile World.com–Spain’s economy is leaving its financial crisis with a lot of problems, but the fashion industry is permanently recording new success stories. In 2013, the Spanish apparel industry exported products and services worth nearly 20 billion euros, representing an increase of 47 percent since the beginning of the crisis in 2008. Shops bearing the labels Zara, Mango and Desigual have conquered the top league of fashion around the globe.
Zara As A Pioneer
It was the Inditex daughter company Zara that showed the Spaniards the way. The textile giant has emphasized export markets for a long time. The international conquest started in 1988 in Porto, Portugal, where the first Zara store was opened beyond Spanish borders. Today, 26 years later, the group has 6,300 shops in 87 countries and a global turnover of 16.7 billion euros. Meanwhile, Inditex earns only 19 percent of its revenue in Spain; ten years ago, it was 46 percent.
Read more on Textile World.com: http://www.textileworld.com/Articles/2014/May/The_Rupp_Report-Spanish_Fashion_On_The_Way_To_The_Top