Latin Fashion In Growth

As bread with yeast the fashion in its online form an increase of 24% until the third quarter of 2017 and exceeds 1,200 million.
Garment sales through the internet stood at 1,215.7 million euros between January and September of last year, according to data obtained.

Most of the online purchases of clothing continue to be produced on Spanish platforms to other countries, as many countries regard fashion as a point of reference in Latin America to the point of want to learn spanish online. In the first nine months of 2017, these transactions reached 648.3 million euros, 28.7% more than in the same period of the previous year.

On the other hand, online purchases made within Spain grew by 21.7% between January and September of last year, up to 420.8 million euros, while those that were made from abroad with Spain were placed in 146.5 million euros in the same period, 12.1% more.

Online fashion accelerates its growth. The sales of clothing through the Internet rose by 24% in the first nine months of 2017, up to 1,215.7 million euros can be said that thanks to social networks and the progress of electronic commerce that has become easier and safe for young people and adults. The increase in turnover was much higher than in the same period of 2016, when the business of the sector grew by 10%.

In the third quarter of last year, Internet sales of clothing items rose by 29.2% compared to the same period last year, to 395.7 million euros, according to data released today by the National Commission of the Markets and Competition. The growth was much higher than that recorded in the second and first quarters of 2017.

Again, the fashion subsector whose sales rose at a higher rate was that of watchmaking, jewelry and silverware. Its online sales soared 56.1% between July and September 2017, to 11.4 million euros. In the accumulated of the first nine months, the increase was 48%, up to 31.8 million euros.

Online sales of footwear and leather goods, meanwhile, increased by 21% between January and September, to 226.5 million euros. In the third quarter, the sector accelerated its growth with an increase of 25.5% to 76.6 million euros. However, despite its high growth, the turnover volume of both jewelery and footwear on the Web remains at a great distance from the online business that garments move.

Overall, the electronic commerce of fashion, footwear and jewelry in Spain reached 1,474 million euros in the first nine months of 2017, 23.9% more than in the same period of 2016.