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Mar 18, 2022
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Castañer closed 2021 on an upward trend, exceeded €19 million in sales

Translated by
Mar 18, 2022

Mediterranean footwear firm Castañer closed 2021 on an upward trend, with sales up 2% year-on-year and a total turnover of 19.3 million euros. By 2022, it expects to "far exceed" the targets set by the board of directors. 

Castañer has a network of 25 stores - Castañer

As reported in a statement, Castañer noted an increase in retail sales of 45% in the last year, while online turnover grew by 20%. In addition to gross margin improvement in both channels, the company highlighted an operating result "above 10% of turnover in 2021, with a 20% growth compared to 2020 and a very favorable evolution towards the end of the fiscal year in July.” 

With the certainty of exceeding its forecasts set for 2022, reinforcing its brand positioning, the company credits its good performance to its expansion strategy which it has implemented in the past several years.

Castañer will strengthen its retail presence in the coming months with the opening of new points of sale by the hand of El Corte Inglés in Barcelona, Valencia, Marbella, Madrid and Bilbao. It will also return to its pop up stores in La Roca Village, Las Rozas Village and L'Illa Diagonal, which opened last summer. An ephemeral store in the Moraleja Green shopping center in Madrid will soon be added to the list. 

The Spanish company's distribution network consists of 25 permanent establishments, of which 11 are located in Spain (throughout March, the brand will relocate its store in Seville, at 13 Rioja street). The rest of its stores are distributed between Paris and Miami and the Latin American markets of Dominican Republic, Chile and Colombia.

Castañer (founded in 1927) is also available in 750 multi-brand points of sale and in its e-commerce, as well as in various marketplaces. Based in Bañolas (Girona), the firm is controlled by the family company Espadrilles Banyoles, S.L., owned by the Castañer family.

"We are very proud of the results obtained in recent years in which, despite the crisis, we have managed to increase our sales and reaffirm our position in the market. In addition, we are in a stable financial situation, which allows us to consider new projects that we will undertake in the coming months in this new stage for the Group," said the Castañer family as a conclusion to its annual balance sheet.

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