Gerry Weber’s turnover grows 6.2 % | RetailDetail

Gerry Weber’s turnover grows 6.2 %

Gerry Weber’s turnover grows 6.2 %

German fashion company Gerry Weber saw its turnover grow 6.2 % to 852 million euro in its last fiscal year, thanks to 68 new stores. Gross profit dropped though, from 115.9 to 105.8 million euro.

Focus on own stores

The chain has not only opened new stores (mainly in Germany, Spain and the Netherlands), but it has also taken 19 Belgian franchise stores into its own hands. That strategy pays off, as Gerry Weber has doubled turnover in its own stores in the past five years, from 143.8 million euro in 2008/9 to 299.5 million euro in 2011/2012.

 

The company now gets 42.7 % of its turnover out of their own stores, with more than 50 % as the goal for next year. Wholesale turnover has not been growing that strongly the past few years. It went from 444.4 million euro in 2008/2009 to 502.8 million euro in 2011/2012.

 

Gerry Weber has good hopes for the current fiscal which started on 1 November, after good results in November and December meant the fiscal year went off to a good start. The chain aims to get a 900 million euro turnover, a 5 % increase, and a gross profit of  120 million euro, while it also aims to open between 65 and 75 stores, both in Germany and abroad.

Questions or comments? Please feel free to contact the editors


Multinationals fail their healthy food claims

24/05/2018

Food multinationals are not doing enough to make their products more healthy, according to Access to Nutrition Foundation. NestléUnilever and Danone are top of the class.

Ahold Delhaize launches digital lab in the United States

22/05/2018

Ahold Delhaize’s American division will found a new company focused on digital innovation: Peapod Digital Labs will become a lab for new digital, eCommerce and personalization strategies. 

Carrefour forced to shut down hundreds of Dia stores

22/05/2018

Carrefour has not found a buyer for hundreds of its former Dia stores in France yet. That may force nearly 230 stores to shut down.

Carrefour and Tencent launch high-tech store in Shanghai

22/05/2018

The recently launched ‘Le Marché’ store formula, a first collaboration between Carrefour and Tencent, allows customers to pay with face recognition at unmanned checkouts.

Hoegaarden moves part of production to Vietnam and China

18/05/2018

Hoegaarden experiences strong growth in Asia, but is losing ground in Europe. That is why AB InBev will move part of the production to China and Vietnam: the brewery in Hoegaarden will lower cut its production days by 2 a week.

Holland & Barrett wants vegan stores

17/05/2018

British health chain Holland & Barrett (previously known in the Benelux as Essenza) plans to open completely vegan stores, a trend the chain needs to follow according to CEO Peter Aldis.