Desigual turnover up nearly 25 % | RetailDetail

Desigual turnover up nearly 25 %

Desigual turnover up nearly 25 %

Spanish fashion retailer Desigual has experienced a nearly 25 % turnover growth in the first 6 months of 2014. Its net profit has grown nearly 50 % to 66.4 million euro.

International expansion

 

Desigual’s total turnover grew 23 % to 452 million euro, while net profit grew 48 % - mainly thanks to the brand’s international expansion with 45 new stores from January to June. It has opened its first stores in Peru, Mexico and Luxembourg in the past six months.

 

Its new store formula ‘D-Shops Desigual Authorized Dealers’ also performed extremely well: it is basically a franchise formula, giving retailers more freedom than normal to design their stores. The only prerequisite is that 80 % of the store is dedicated to Desigual products. Over the past 6 months, 46 stores of that nature opened. The formula is mainly geared towards stores in small and average-sized stores.

Questions or comments? Please feel free to contact the editors


Analysis: six reasons major brands are under pressure

17/05/2018

Global brands are increasingly struggling to ward off smaller, local companies. Some even believe the brands’ golden age has passed. That may be presumptuous, but there are some noticeable trends.

Coca-Cola is still strongest global brands, but local brands are on the rise

17/05/2018

Coca-Cola, Colgate and Maggi are the most popular FMCG brands worldwide, according to a Kantar Worldpanel report. Local brands are stealing market share however.

HelloFresh increases turnover forecast

14/05/2018

Mealbox delivery service HelloFresh has increased its 2018 forecast: the German company now expects a 35 % growth, up from its previous 30 % increase forecast. Positive results in the United States, which has become the company’s main market, were the main reason for its adjustment.

Brussels bio chain Färm keeps expanding

14/05/2018

Färm, a bio store chain from Brussels, is supporting a planned expansion with a crowd funding campaign. The chain aims to open its biggest store so far in the North of the European capital, extending its services with a bakery in the store. 

More profit from smaller volumes for AB InBev

09/05/2018

Despite AB InBev’s beer sales dropping 0.2 % in the first quarter, the Belgian-Brazilian beer giant did generate a turnover increase and a gross profit above expectations.

Ahold Delhaize mainly grows online

09/05/2018

Belgian-Dutch merger group Ahold Delhaize has had a decent first quarter, thanks to a Belgian turnaround, a good performance in the United States and strong online growth. Unfavourable exchange rates did spoil the party somewhat.