DGAP-News: Gerry Weber International AG / Key word(s): Miscellaneous
Gerry Weber Retail segment continues to grow
14.11.2014 / 07:45
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Corporate News
GERRY WEBER Retail segment continues to grow
- Preliminary sales revenues of the Retail segment climb to round about
EUR 404 million in fiscal year 2013/14
- International expansion pushed ahead
- Like-for-like Retail sales in Germany up 1.9% on previous year
- Retail segment outperforms the market also in the difficult fourth
quarter of the financial year 2013/14
(Halle/Westphalia, 14 November 2014) According to preliminary figures, the
Retail segment of GERRY WEBER International AG generated sales revenues of
round about EUR 404 million (previous year: EUR 363.7 million) in the
financial year 2013/14, thus confirming its role as the strategic growth
driver of the GERRY WEBER Group. This represents an increase by approx.
11.0% on the previous year, which was driven not only by the new Retail
stores opened in FY 2013/14 but also by the established Houses of GERRY
WEBER and mono-label stores. Like-for-like sales in Germany rose by 1.9%.
In the fourth quarter, preliminary sales revenues of the Retail segment
increased by 5.8% to EUR 110 million in what was an extremely difficult
market environment. Like-for-like sales in Germany declined by 1.7% in Q4.
This means that like-for-like sales of the Houses of GERRY WEBER and the
mono-label stores showed a much better performance than like-for-like sales
of the German fashion market as a whole. According to a panel of Germany's
largest textile magazine, the latter had risen by 7% in August 2014 but
dropped by 9% and 10%, respectively, in September and October 2014, which
are the most important months for the autumn/winter collections.
Ralf Weber, Board member in charge of sales and corporate development
commented on the performance of the Retail segment: "While GERRY WEBER
International AG was unable to fully isolate itself from the overall market
trend, the results achieved show that the company continues its growth
strategy. Over the past years we accelerated our expansion in Germany,
which is our core market, but the past financial year saw us focus on
opening own stores abroad," Ralf Weber added.
In the financial year 2013/14, the number of own Retail spaces increased by
78, of which 55 are located outside Germany.
As part of the reorganisation of the Managing Board responsibilities, the
international distribution structure has been oriented even more closely to
the requirements of the point of sale with effect from 1 November 2014. In
this context, the responsibilities for Retail and Wholesale sales
organisations were merged. "The new structure has been introduced in
response to the ongoing internationalisation and the resulting vertical
integration of the sales activities. The measures taken will make our
international sales organisation more powerful and allow it to gear its
activities more closely to the POS and to leverage opportunities
effectively as they arise," said Ralf Weber.
In the months ahead, the company will work hard to implement the 2020
strategy. As a result of the international expansion, the Retail operations
are expected to contribute between 60% and 70% to total Group revenues in
the medium term. A particular focus will be on the Canadian and
Scandinavian markets in the coming months. "We explicitly do not rule out
inorganic growth through company acquisitions," said Dr. David Frink,
Speaker of the Managing Board.
Admitted to the Regulated Market of the Frankfurt Stock Exchange (Prime
Standard)
ISIN: DE0003304101
WKN: 330410
GERRY WEBER International AG, Neulehenstr. 8, D-33790 Halle/Westphalia
Contact Investor Relations Contact Press
Claudia Kellert Catharina Berndt
phone: +49 (0)5201 185 8422 phone: +49 (0)5201 185 340
e-mail: c.kellert@gerryweber.de e-mail: c.berndt@gerryweber.com
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Language: English
Company: Gerry Weber International AG
NeulehenstraÃe 8
33790 Halle/Westfalen
Germany
Phone: +49 (0)5201 185-0
Fax: +49 (0)5201 5857
E-mail: c.kellert@gerryweber.de
Internet: www.gerryweber-ag.de
ISIN: DE0003304101
WKN: 330410
Indices: MDAX
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Stuttgart
End of News DGAP News-Service
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297137 14.11.2014
DGAP-News: Gerry Weber Retail segment continues to grow
| Source: EQS Group AG