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CALZEDONIA: Spanish operation slips back into red

TRADING as Franchising Calzedonia Spain, the Spanish subsidiary of the Italian distribution group Calzedonia slipped into the red in 2014 with a loss of EUR 176’000 on sales that had risen by 12.2 per cent to EUR 219.95m. A year earlier, the Spanish company had generated sales of EUR 196m and achieved a profit of EUR 1.5m. In 2014, the Spanish operation counted among the group’s largest, with over 500 stores, including 299 franchised outlets, employing some 1’500 people.

Intimissimi by Calzedonia

Intimissimi by Calzedonia

Faced with strong competition from local lingerie chains that have also built an extensive international network, the performance of the Italian group in Spain has proved surprisingly successful.

 

See also:

CALZEDONIA: premium line of tights launched

CALZEDONIA: expansion into US envisaged

CALZEDONIA: chain to open men’s underwear stores

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