Own
stores perform well
Gerry
Weber’s turnover for the first half of its fiscal year 2013/14 (from November
to April) reached 412.8 million euro, 2.2 % more than in the same period the
year before.
Mainly
its 770 self-owned stores performed well with a 13.3 % sales increase to 188.6
million euro, which is partly because Weber expanded its number of stores. On a
like-for-like basis, it managed a 5.2 % turnover increase, still more than what
the German market grew on average.
Retail
focus grows margins
Sales
in multi-brand stores dropped 5.6 % to 224.1 million euro, partly because of a
more selective supply process. Gerry Weber has altered its supply process to
limit the risk of default payments. Last year’s numbers also included the Belgian
House of Gerry Weber. The company has acquired a majority stake in this concern
and has moved its numbers from the wholesale division into the retail division.
Thegross margin is also impacted by the increase in retail sales as it grew from
52.3 % to 55.0 %, when comparing the first part of last year to the first part
of this fiscal year. That has also raised company profits.
