Spain a Bright Spot in European Beauty Market

MADRID – While fashion retailers in Spain have battled declining sales in recent months, international beauty brands haven’t seen a similar downturn — and many are opening concept stores and actively looking to expand.

In May, the clothing sales in Spain fell by 6.2 percent, marking five consecutive months of decline. The impact was seen across major retailers like H&M, which during its second quarter suffered one of the largest drops in sales since the brand arrived in the country in 2000.

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