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Adolfo Domínguez narrows its losses by nearly 19% in the third quarter, lifts turnover by 2.5%

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January 16, 2026

Adolfo Domínguez continues to progress on its path to profitability: in the third quarter of the 2025/2026 financial year, spanning September to November, it reduced its losses by 18.6%. By comparison, at the end of the first nine months of the 2024/2025 financial year it posted losses of €1.65 million, whereas at the end of the same period in the current financial year the figure stood at a net loss of €1.34 million.

Adolfo Domínguez grew sales by 2.5% in the third quarter – Adolfo Domínguez

This is, the company emphasised, the best for this period since the 2013 financial year in terms of its net result. And what about turnover? Adolfo Domínguez’s sales in the first nine months of the financial year reached €93.3 million, 2.5% more than a year earlier. Comparable sales, meanwhile, rose 4.2% year on year, while gross profit increased by 6.4% to €56.6 million.

Operating profit (EBIT) totalled €0.8 million, an improvement of €1.3 million on the previous year. EBITDA came to €12.4 million, up 24.9% year on year.

Adolfo Domínguez’s corporate finance director, Rubén Martín, highlighted the company’s efforts to “maximise the profitability of sales and the commercial network, with a notable improvement in margin, in operating profit and greater profitability of the network in Spain, a market that continues to consolidate despite the sector’s downward trend.”

43.9% of sales from international markets

The Spanish fashion company, as it did when presenting its results for the first half of the financial year, highlights the upward trend in its international sales. In the first nine months of the financial year, they accounted for 43.9% of total revenue.

The brand’s network comprises 372 points of sale in 53 countries. Notable in the third quarter were sales increases of 89% in the Middle East and 13.5% in Latin America. “In countries such as
Chile, Colombia, Uruguay, and Paraguay, revenue growth is
above 26% thanks to its connection with the market and
selection of commercial partners,” the company said. In the Mexican market, where it operates 142 points of sale, sales rose by 6.1% in the period. And what about Europe? Standouts included France (21.7%), Portugal (6.7%) and the UK (4.8%). By channel, online sales in the first nine months of the financial year increased by 8.5% compared with the same period of the previous year.

Adolfo Domínguez ended its last full financial year with revenue of €136.5 million, with 41% of its sales outside Spain. Among the group’s latest developments is the departure of its managing director at the beginning of 2026, just a few months after his appointment.

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Kanuk ventures beyond Québec, setting off from Italy to expand worldwide

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January 16, 2026

What an honour for Italy at Pitti Uomo 109! For the first time, Canadian clothing brand Kanuk is stepping beyond Québec to reach the rest of the world. President Elisa Dahan confirmed as much to FashionNetwork.com. “Yes, it’s true. If we exclude an episode in the United States a few years ago, this is the first time we are presenting ourselves outside our province. I mean truly outside Québec: we had never really begun to develop beyond Québec towards a global dimension- not even in the rest of Canada. And since we are a fashion brand rooted in outerwear, of course we’re starting with Italy.”

Kanuk, Fall-Winter 2026/27

Kanuk, a play on the slang nickname for Canadians (Canucks), has the snowy owl as its emblem. “We chose it because it never migrates; it always stays in Québec, no matter the temperature. It feels tailor-made for the philosophy of comfortable, welcoming Canadian country living,” Dahan points out. “A bit like us so far: we were founded in 1974 in a small workshop in Montréal with the mission of creating outerwear suited to Québec’s particular climate and lifestyle, and today we offer a total look.”

With a lifestyle focus, Kanuk is inspired by the spirit of rural Canadian life- farm-to-table family traditions, a distinctive generational heritage, and outdoor pursuits- while applying uncompromising artisanal standards to production. In the Autumn/Winter 2026/27 Heritage Collection, featuring 30 men’s and 30 women’s styles in a range of colours, the brand expands its ready-to-wear with new jumpers, knit sets, wool pieces, corduroy outerwear, and increased use of Kanuk’s signature sherpa, designed to complement its parkas. The colour palette reflects the season’s defining landscapes: warm earth tones, leafy greens, deep browns, and the muted golds of Canada’s transforming trees.

Kanuk, Fall-Winter 2026/27
Kanuk, Fall-Winter 2026/27

With two mono-brand stores, one in Montréal and the second just opened in Québec City- “attracting strong tourist traffic,” according to the president- Kanuk sees e-commerce “performing very well and accounting for about a third of the business; but don’t forget that right now we are only distributed in about 30 major stores in Québec. The sky is the limit for what we can achieve from now on,” she smiles.

Elisa Dahan is very confident that Kanuk’s products will be highly appreciated in Europe, “because in Europe the weather starts one way during the day and can shift in the evening and at night- sometimes in the opposite direction- so you need functional versatility, style and lasting durability in what you wear: precisely Kanuk’s attributes, with its timeless pieces and 3-in-1 models with removable layers,” she says.

Elisa Dahan at Pitti Uomo 109 with Kanuk products
Elisa Dahan at Pitti Uomo 109 with Kanuk products – G.B. – FashionNetwork.com

Kanuk is not only apparel but also accessories, including gloves, scarves, and a super-plush bag, once again featuring the snowy owl. These designs are intended especially for cold climates. Across both the product range and the Canadian brand’s revenue- which rose by double digits last fiscal year- menswear and womenswear are split evenly, 50/50. Accessories account for 10% of turnover.

After Pitti Uomo 109, where she forged many connections with buyers, agents, and distributors, Elisa Dahan aims over the next two to three years to expand the brand into a strong network of quality retailers across Europe. “I’m not interested in quantity; ours is a beautiful brand with a lot of potential, but it needs to be surrounded by the right brands; for me, location is the most important factor to get right, and the business results will follow,” says the Kanuk president, who is also open to launching pop-ups or temporary stores in winter resorts as well as summer destinations, in Italy and beyond.

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Mango maximises burgeoning London sales with new Kensington store

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January 16, 2026

Mango has been on a store opening spree in the UK of late and with its sales proving particularly strong in the London area, it has now opened in Kensington.

Mango

The new store covers 6,673.6 sq ft, creates 25 new jobs, and is the label’s 24th location in the UK capital. It includes both the Woman and Man collection.

London is a “priority growth market” for the Spanish retail giant and that’s no surprise given that London currently accounts for 40% of the firm’s total UK sales. The retailer reported double-digit sales growth in its London stores last year.

That came after it opened in Paddington, Broadgate and Long Acre, launched a Canary Wharf Man pop-up, and expanded its Man and Teen destinations at White City Westfield during 2025.

As with all of its recent openings, the store has been designed under the banner of Mango’s New Med concept, an interior design inspired by the brand’s Mediterranean heritage and culture, with natural textures, warm tones and sustainable materials.  

Globally, under its 2024-26 strategic plan Mango is on track to open 500 new stores. And the UK has been a big part of that as it’s a top 10 market for the brand.

Mango

Fiona Cullen, international regional director for the UK & Ireland, said: “London represents one of the most exciting growth opportunities for Mango in the UK. The city’s diverse, fashion-focused customer base has responded extremely positively to our contemporary Mediterranean style, which is reflected in the strong double-digit sales growth we’ve seen across our London stores. Opening new locations like Kensington High Street will ensure we get even closer to our customers and build a network of stores that supports the way Londoners shop today.” 

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India’s gem and jewellery exports to US drop 44.42%, GJEPC raises concerns

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January 16, 2026

Gem and jewellery exports from India to the US dropped by 44.42% year on year during April to December 2025 to total $3.86 billion, compared to $6.95 billion in the corresponding period a year prior. This has caused the Gem and Jewellery Export Promotion Council to raise concerns.

Members of the GJEPC at a previous edition of international jewellery trade show Jewellery Arabia – GJEPC- India – Facebook

 
“The United States remains India’s largest export destination, accounting for nearly 30% of our gem and jewellery exports,” said GJEPC chairman Kirit Bhansali in a press release. “The sharp decline in shipments is a matter of serious concern. Prolonged uncertainty around tariffs could adversely impact the long-term viability of the US market for Indian jewellery exporters. That said, we have full faith in the Government of India and remain hopeful that ongoing bilateral trade discussions will lead to a positive and timely resolution.”
 
In December 2025, Indian gem and jewellery exports to the US declined by 50.44% year on year as a dip in demand and tariff-related pressures continued to affect the industry. However, despite the drop in US trade, India’s total gem and jewellery exports remained stable during the April to December 2025 period, according to the GJEPC. This has resulted in India’s total provisional gem and jewellery exports for the nine-month period being aggregated at $20.75 billion, representing a dip of 0.41% year on year and 3.69% growth in rupee terms.

“Free Trade Agreements with the UAE and Australia have come at a crucial time for the industry,” said Bhansali. “Recent FTAs with the UK, Oman, New Zealand, and others will further enhance competitiveness by reducing duties and easing trade barriers. With the Government of India currently negotiating multiple trade agreements, we are confident these will open new markets and strengthen India’s position globally on quality, value and trust.”

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