Retail in Spain: Aging in the age of digital

​Retail sales stabilized at +2% in 2016, after struggling to climb out of negative territory. Yet the deterioration in consumer confidence and an expected slowdown in expenditures pose serious issues. 

Spanish retailers’ financial situation considerably improved in 2016 (8.5% EBIT). Yet indebtedness remains high (100% net gearing).

Apparel is the leading segment while food & drug is challenged by population decline.