Home / Knowledge / News / Apparel/Garments / Adolfo Dominguez plans global expansion to cover losses
Adolfo Dominguez plans global expansion to cover losses
Jul '11
Spanish fashion brand Adolfo Dominguez is expanding internationally while closing its outlets nearer home, in its bid to cover losses and return to positive figures.

The company opened 105 new outlets last year ranging from Latin American countries like Brazil, Colombia, and Venezuela, to countries in the Middle East like Lebanon and Turkey. At the same time it closed its 33 existing non-profitable stores that included 26 in Spain.

Adolfo Dominguez, which has 665 outlets globally, posted a loss of €4.7 million last year, due to the declining GDP and increasing unemployment in Spain, which led to a decrease in consumption, particularly in the apparel sector.

For opening its new stores worldwide, the company is betting on the option with minimal risks, i.e. the franchise model, as it needs less funding. At present, in spite of good sales achieved in other countries, it has not been adequate enough to absorb the losses due to decline in sales in Spain.

Among its other measures to recover losses, Adolfo Dominguez will reduce costs. Last year, the salaries of staff rose 1.5 percent, even after putting a freeze on the salaries of directors. This was offset by the decline in company's operating expenses, which were down 7 percent.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Lok Sabha approves 4 supplementary GST legislations

The Lok Sabha has approved four supplementary Goods and Services Tax...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search