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

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

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

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

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search