Home / Knowledge / News / Apparel/Garments / Spanish retail group to open 200 stores in Russia by 2016
Spanish retail group to open 200 stores in Russia by 2016
Oct '13
Spanish fashion retailer Grupo Cortefiel has announced plans to continue its international expansion with a new program, under which it would set up 200 new stores in Russia by 2016. The fashion retailer has already 67 stores of two of its brands Springfield and Women’s Secret in the country.
According to a statement issued by the fashion retail group, Russia is one of the growing markets in the world for the firm, along with China and Mexico, and is the third in revenue, after Spain and Portugal. The Cortefiel group plans to take advantage of this growing market.
Juan Carlos Escribano, CEO of Grupo Cortefiel, said Russia is a key market for the firm and will continue to remain so, according to the sales data of the company. 
The group expects the growth in sales to be in double digits by 2014, and further increase interest of brands available under the group in the Russian market, which has huge potential, he added.
Since March 2013, the group has maintained its presence in the country with direct management of 67 stores, 31 of its Springfield brand and 32 of Women’s Secret.
Mr. Escribano said the strategic plan is to open 50 new stores in St Petersburg and Moscow, as well as more number of stores in the rest of the country.
The importance of Russian tourism in Spain, with more than one million Russian tourists every year visiting the country, has contributed towards the visibility of the brands, he added.
The company, founded in Madrid in 1880, has a sales network of 1,900 stores, and is present in 70 countries through its four brands: Cortefiel, Pedro del Hierro, Springfield, and Women's Secret.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 24th Apr 2017

ColDesi launches latest direct to garment printer

ColDesi, a pioneer in the direct to garment printer business, has...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Courtesy: NASA/JPL-Caltech

Textiles | On 24th Apr 2017

NASA designing advanced woven metal fabrics for space

Scientists at NASA are designing advanced woven metal fabrics for a...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

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

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Suresh Patel
Sidwin Fabric

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

Marcel Alberts

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

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search