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SPAIN: 8,000 shops closed in 2009 as apparel sales plunged Ivan Castano Freeman | 6 Jan 10

Spanish apparel industry sales fell 8% to some EUR15bn last year as the country continued to spiral into recession, forcing 8,000 small retailers to close shop.

SPAIN: Cortefiel reduces debt after refinancing | 1 Oct 09

Fashion retail company Grupo Cortefiel has reduced its debt by EUR100m (US$146m) following a cash injection from the company’s three main investors.

Value clothing retailers shine amid recession | 22 Sep 09

In a year that is likely to go down as one of the worst on record for the pan-European apparel industry, one sector continues to shine bright: value clothing. And one retailer that truly stands out here is Primark, a new report says. If the value players can continue to see off competitive pressures and ethical concerns, then they will continue to outperform.

SPAIN: Cortefiel names new MD for Springfield chain | 19 Jun 09

Spanish fashion retailer Cortefiel has named Luis González Herrero as managing director for its Springfield chain.

SPAIN: Cortefiel to shutter Milano stores | 16 Jun 09

Spanish apparel retailer Cortefiel is to close its 11 Milano men’s formal wear shops, turning them over to its other retail brands after a decline in demand.

Speaking with style: Alex Cara, franchise director, Cortefiel | 26 Mar 09

Spain’s armada of fashion retailers has taken the world’s high streets by storm with Inditex becoming the largest such enterprise and smaller rivals such as Mango rushing to gain domination. Not to be outdone, Madrid-based Cortefiel Group has drafted its own ambitious expansion with plans to roll out 440 franchised stores in the next five years to operate over 2,000 shops. Speaking to just-style, franchise director Alex Cara outlines the strategy and explains how Cortefiel plans to stay competitive in coming years.

SPAIN: Cortefiel flexes franchise muscle overseas | 2 Mar 09

Spanish fashion retailer Cortefiel is on track to open 440 franchised stores around the world by 2013, many of them in Asia-Pacific and Latin America, franchise director Alex Cara told just-style on Friday (27 February).

Top stories on just-style this week... | 27 Feb 09

Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.

SPAIN: Cortefiel, Tesco agree Eastern Europe fashion deal | 24 Feb 09

Cortefiel has teamed with Tesco to launch its brand in Czech Republic and Slovakia where the Spanish fashion retailer will open three corners in Tesco’s MY department store chain, set to open in Liberec on 26 September this year.

SPAIN: Adolfo Dominguez sees nine-month profits plummet | 15 Jan 09

Spanish fashion retailer Adolfo Dominguez has posted a 75% drop in nine-month profits, hurt by a retail slump in Spain and Europe, where it operates most of its stores.

SPAIN: Adolfo Dominguez Q1 profits plunge 71% | 17 Jul 08

Adolfo Dominguez, Spain’s fourth-largest fashion retailer, has posted a 71% drop in fiscal first quarter profits to EUR1.2m (US$1.9m) and said it will curb its international expansion.

SPAIN: Men’s wear becomes “big bet” for Mango | 16 Jul 08

Spanish clothing chain Mango, which has sold women’s clothes for 24 years, says it is ready to tackle the men’s wear market with gusto.

SPAIN: Clothing resilient as retail boom ends | 20 May 08

The Spanish retail boom of recent years has come to an abrupt end after the country’s rapid house price inflation has gone into reverse – but the fallout for the clothing market is likely to be less severe than other sectors according to new research.

SPAIN: Cortefiel mulling IPO, say bankers | 23 Apr 08

Spanish fashion retailer Cortefiel, targeting 2,000 global stores by 2012, is considering a stock market listing in the near to medium term, according to a senior IPO banker in Madrid.

SPAIN: Cortefiel launches first stores in Dubai | 14 Apr 08

Spanish fashion retail group Cortefiel has opened two stores in Dubai as part of its aggressive expansion plans in the fast-growing Middle East market, where it hopes to install 80 outlets in the medium future.

PORTUGAL: Lanidor targets Europe and Middle East markets | 5 Mar 08

Portuguese women’s clothing retailer Lanidor plans to open 10 stores this year, mainly in Ireland, Germany, Kuwait and Saudi Arabia, a company spokeswoman has told just-style.

Speaking with style: Dr John Cheh, CEO, Esquel | 31 Jan 08

Dr John Cheh, the newly appointed chief executive officer of Hong Kong based cotton shirt manufacturer Esquel, talks to just-style about social responsibility and sustainable development, life after quotas with the EU, and the soft market in both the US and EU.

RUSSIA: Cortefiel challenges Zara, targets 120 stores | 17 Jan 08

Spanish fashion retailer Grupo Cortefiel hopes to install 120 stores in Russia and the CIS markets by 2010, up from 54 now, a company official confirmed to just-style today (16 January).

SPAIN: Grupo Cortefiel automates supply chain finance | 12 Dec 07

Grupo Cortefiel, Spain’s second-largest specialty apparel retailer, has automated its supply chain finance processes from purchase order through payment.

BELGIUM: Retail clothing brands launch new alliance | 27 Sep 07

A group of retailers from across the EU, including Cortefiel Group, Inditex, Levi Strauss & Co, Mango, Next, Nike and VF Corporation have formed a new association to highlight the value of branded clothing companies to the European economy.

SPAIN: Cortefiel eyeing US and UK markets | 9 Jul 07

Spanish fashion retailer Cortefiel Group is planning to enter the US and UK markets in 2010 according to local media reports.

SPAIN: Cortefiel and Inditex back 'real women' sizing | 24 Jan 07

Top Spanish retailers have concluded a deal to re-size their clothing to better suit ‘real women’ and promote a healthier image.

SPAIN: Cortefiel says "special" sale offers are not illegal | 19 Dec 06

Spanish fashion group Cortefiel has rejected claims by textiles industry watchdog Consejo Intertextil Espanol (CIE) that its "special offer" sale campaigns are illegal.

SPAIN: Cortefiel continues to span the globe | 17 Oct 06

Spanish fashion retail Cortefiel Group continues to muscle up its business around the world, giving archrival Inditex a run for its money.

SPAIN: Cortefiel chain enters Holland as first step in international expansion | 26 Sep 06

Spanish fashion retail group Cortefiel has teamed with Dutch department-store operator V&D to enter the Dutch market as part of a plan to expand its 'Cortefiel' chain outside the Iberian Peninsula.

SPAIN: Inditex shuts Often chain amid poor sales | 11 Sep 06

Spain's Inditex will sell 30 of 40 stores in its Often youngsters' fashion chain on the back of sagging sales and shut the enterprise, the company confirmed on Monday.

SPAIN: El Corte Ingles supplier Induyco using sweatshops? | 29 Aug 06

Not-for-profit group Setem has launched a public campaign to demand that Spanish textiles maker Induyco, the biggest apparel supplier to department-store major El Corte Ingles, unveil how and where it makes its apparel.

SPAIN: Cortefiel appoints new global logistics director | 10 Jul 06

Spanish fashion retailer Cortefiel has named Berta Escudero general manager for supply and logistics.

GERMANY: Cortefiel to close Werdin chain this autumn | 30 Jun 06

Cortefiel will shutter its struggling Werdin German jeans chain this autumn as part of an effort to focus on its flagship Springfield and Women’s Secret banners, a company spokesman told just-style on Thursday (29 June).

SPAIN: Cortefiel to launch Springfield Women in September | 13 Jun 06

Spanish fashion retailer Cortefiel has announced that it will launch Springfield Women in September, local newswire Europa Press reported on Friday (June 9).





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