Friday, October 31, 2008
Adolfo Dominguez closes eight stores
The group Adolfo Dominguez blamed the crisis of consumption with a fall in its net profit of 79.2% at the close of August, to stand at 2.3 million euros, compared with 11.3 million earned last year. The group, which has changed its fiscal year to the end of the periods coincide with the actual seasons in the textile industry, reported yesterday to the Commission Nacional del Mercado de Valores (CNMV) that its sales fell between March and August January 1 , 29% to 90.6 million euros, from the 91.8 million who had entered the same period last year. Its personnel costs rose above 20%. The news on other websites Websites in Spanish in other languages During these months, according to information sent to the stock exchange authority, Adolfo Dominguez closed eight and opening of 53 stores, representing a net growth of 45 outlets. The company emphasizes that the Spanish market has carried out the opening 32 corners in El Corte Ingles and abroad, the three stores, distributed by Chile, Peru and El Salvador, and two corners in France.