Bimba y Lola reports double digit sales growth
Spanish womenswear brand Bimba y Lola has announced its financial results for the third quarter and the first nine months of the year. Sales for the year to November have increased by 29%.
The design-driven fashion brand said its expansion efforts have yielded positive results with international sales seeing a 38% rise in the period.
International markets now account for 30% of the company’s total sales and Bimba y Lola expects the volume of non-domestic sales to continue growing as it moves forward with its global expansion plan.
In addition to opening a new boutique in the UK in May, Bimba y Lola launched a pop-up concept on London’s Regent Street earlier in October.
The business has 221 stores and concessions and expects to open more than 10 new branches in Europe, Asia, the Middle East and Latin America in the coming months.
By the end of financial year 2016, Bimba y Lola expects to reach 145 million euros in sales, representing an increase from the 115.5 million euros recorded last year.
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