Great potential in Latin America
Latin American markets have become more important for Logisfashion of late, on top of its Spanish home market. Operations are set to start in its third Mexican logistics facility.
More and more clothes are ordered (and frequently returned) through the internet these days, a trend that has also given the fashion logistics segment something of a boost. The Spanish company Logisfashion, for example, increased its sales to EUR 50 million in 2019, and now has further plans to grow in the ongoing business year.
Though the company runs logistics centres in nine countries in the meantime, its home market of Spain remains the basis for its fashion activities. By generating sales worth EUR 36.5 million there (a rise of 44%), the fashion logistician has already reached its goal set for 2020. Thus its management team has now corrected its target for this year to EUR 52.5 million in Spain and EUR 65 million for the entire group.
Expansion plans in Mexico
Growth in 2019 was based on three new logistics centres covering a total area of approximately 136,000 m². The company’s overall investment in technology and infrastructure came to EUR 8 million.
Logisfashion is already present in Panama, Mexico, Chile and Colombia. CEO Juan Manzanedo has ascertained plenty more potential in the region. “E-commerce activities are growing strongly in Latin America, which represents great opportunities for us. We want to provide our expertise there and make the best of these markets for our clients.”
Logisfashion focuses strongly on Mexico. Its two facilities there will soon be joined by a third centre, covering about 12,000 m². The move means that the company will at the same time create 80 more jobs there.