Bimba y Lola increase sales by 3% in the first half

Bimba y Lola closed the first half of 2024 on a positive note. According to a brief statement from the Galician fashion and accessories company, sales in the first half of the fiscal year rose by 3% compared to the same period of the previous fiscal year, although it did not specify the turnover figure.

The Spanish brand continued to strengthen its retail network in the first six months of the year, reaching 295 points of sale.

“Among the new stores opened, a highlight was the establishment of dedicated spaces for the first time in international airports such as Madrid, Barcelona, Singapore, and Mexico City,” the company detailed, underscoring its commitment to the travel retail segment.

Physical retail remains Bimba y Lola’s main sales channel, accounting for 81% of total business in the first half of the fiscal year, compared to 19% from the digital channel, through which it operates in 37 markets.

International markets remain one of the brand’s pillars: in the first six months of fiscal 2024, they accounted for 46% of sales (up from 44% for the entirety of 2023). The Spanish market, meanwhile, grew by 4% during the reported period, representing 54% of the business.

Although Bimba y Lola does not disclose its turnover in semi-annual results, it does so annually: in fiscal 2023, it registered revenues of €227 million, just 1% more than the previous year. Last March, when announcing these figures, the company detailed that it had appointed Sylvie Colin—former CEO of brands like Kenzo, Maje, and Caroll Paris—to its board of directors to advance its project of becoming a global brand.

Among its milestones so far in 2024, the brand highlighted its recent collaboration with Palomo Spain, reaffirming its alliance with the designer during New York Fashion Week. It also detailed that it is “about to complete the restoration project of the building and grounds that will become its new headquarters in Vigo.”

Bimba y Lola was founded in 2005 by sisters María and Uxía Domínguez. Today, technological development and international expansion are the pillars of its strategy.