The ‘snip’ of the Covid to fashion: destroys 26,700 jobs and almost 15,000 stores

“The numbers are catastrophic.” This is how forceful the president of the Acotex textile employer, Eduardo Zam├ícola, is in conversation with ABC. It is not for less. 2020 has turned out to be the worst year in history for the textile trade, with a drop in turnover of 40.26%, reaching 10,619 million euros, according to data from the Acotex barometer. A figure that is far from the more than 18,000 million that it generated in previous years. Restrictions on mobility, the opening of physical establishments and capacity limitations explain this collapse. The poor results have had an impact on companies and employment. Thus, the coronavirus crisis has destroyed … See More

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