Gerry Weber raises efficiency | RetailDetail

Gerry Weber raises efficiency

Gerry Weber raises efficiency

German clothing group Gerry Weber has managed to raise its company profits in the first part of its fiscal year 2013/2014 from 43.4 million euro to 49.5 million euro. The 14 % surge was mainly because its own stores performed much better.

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.

Questions or comments? Please feel free to contact the editors


Starbucks dumps plastic straws worldwide

12/07/2018

American coffee company Starbucks will ban plastic straws in their stores starting from 2020. A small step for coffee enthusiasts, but a big step for the environment, as the coffee giant uses about a billion straws every year.

AB InBev joins forces with Efes in Russia

12/07/2018

In order to counter the decline of their success on the Russian market, Belgian beer giant AB InBev has placed its activities in Russia in a joint venture with Turkish Anadolu Efes.

Jumbo appoints new head of Belgian branch

11/07/2018

Dutch Jumbo Groep Holding has made a management reshuffle, with Peter Isaac becoming the new managing director of the group's Belgian branch. Bart van den Nieuwenhof meanwhile is set to leave the group's restaurant chain La Place.

Snacks boost Pepsico’s sales

10/07/2018

Snack and beverage giant Pepsico has recorded a slight revenue growth of 2.4 % in the second quarter of this year. Net profit however went 14 % lower, due to rising taxes.

Ahold Delhaize changes management in Greece and Romania

09/07/2018

Ahold Delhaize has announced two changes to its management team in Europe: Vassilis Stavrou becomes Brand President of Alfa Beta in Greece. He succeeds Leonidas Vrettakos, who is retiring after 21 years with the business.

Tesco and Carrefour to join forces

02/07/2018

Brexit or no Brexit, British Tesco and French Carrefour have joined forces for the purchases of both A-brand products and private labels. Service suppliers too will face a united front from now on.