Some retailers in Spain see rise in clothing prices over holiday season [Yahoo! Finance Canada]
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NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance Canada
includes the Christmas holidays, a survey of retailers by the ARTE business group, whose members include Zara owner Inditex, H&M and Primark, showed. The survey, the first one conducted by the ARTE group, found 75% of executives who took part expected price rises between zero and up to a 5% increase at a time when inflation in Spain is cooling. "The evolution of the price of raw materials, the rising cost of transport and the increase in costs associated with the new environmental requirements demanded of companies, will generate slight increases in prices in the sector in the next six months, in a context of moderating inflation," ARTE's survey said. Spain's EU-harmonised annual inflation stood at 1.8% in the 12 months to October. The EU's inflation for the same period was 2.3%. A majority of the 16 executives interviewed in ARTE's poll conducted in October expect their prices to move between 0% and 5% over the holiday shopping season compared to the previous six-month period
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