Desigual's turnover remains stable in first semester | RetailDetail

Desigual's turnover remains stable in first semester

Desigual's turnover remains stable in first semester

Despite a huge growth in Asia and South America, Spanish clothing brand Desigual had to accept a small turnover decrease in the first six months of 2015, at 451.9 million euro (- 0.2 %).

Large growth in American market

The company's EBITDA however mada a significant drop: the earnings before interests, taxes, depreciation and amortization dropped 26 % compared to last year, to 29.1 million euro. That can be partly explained by the huge expansion costs, but the brand did mention it would also work on becoming more cost-efficient.


The company's biggest growth was in South America, with an additional 36 % in turnover, and spurred by that succes it wants to open another 450 stores in this part of the world. Asian turnover also grew a lot, as Desigual's turnover spiked 24 % in the first semester of 2015.


Its negative results are closer to home: its home market, Spain, had to deal with a 5 % turnover decrease, while France followed suit with a 4 % drop. Italy was a positive note, up 7 % over the past 6 months.


CEO Thomas Meyer will now help revise the company's business plan as it prepares the next step in its growth plan: the brand wants to innovate its organisational structure in order to stimulate product innovation. It also wants to optimize its store network, with store relocations, closures and openings as the necessary steps to be taken.

Questions or comments? Please feel free to contact the editors

Spar makes ambitious entry into Greece


Spar International has set its sights on Greece as the next country to conquer and lead as the foremost independent food retail chain. Spar Hellas will cooperate with Asteras and Mesis to develop more than 500 Spar stores over the next four years.

Dr. Oetker buys half of Freixenet


Henkell, which is Dr. Oetker’s drinks division, has acquired slightly more than half of cava brand Freixenet’s shares. Following two years of negotiations, both companies struck a deal, even though the German food giant will not reign supreme at Freixenet.

Picnic confirms German arrival


There had been rumours that Dutch online supermarkets Picnic was trialing in Germany, news its co-founder Michiel Muller has now confirmed.

Délifrance joins FFC's portfolio


Dutch Franchise Friendly ConceptsDélifrance Benelux acquisition is in full swing. The franchise organization will obtain the French sandwich chain’s Benelux master franchisee on 1 April.

IKEA has developed actual "bug burger"


SPACE10, furniture giant Ikea’s innovation lab, will present a healthy alternative to the classic hamburger, where the meat is replaced by red beets and mealworm. It is also working on a “dogless hotdog”;

Supermarkets' price difference with neighbouring countries grows


Belgian supermarkets are increasingly more expensive than those in neighbouring countries according to Prijzenobservatorium’s research. Shoppers in France, Germany and the Netherlands quickly pay 10 % less.

Back to top