Home / Knowledge / News / Apparel/Garments / Gerry Weber retail revenues climb 36.1% in Q1 FY'13
Gerry Weber retail revenues climb 36.1% in Q1 FY'13
16
Mar '13
In spite of the difficult market conditions prevailing in the first three months of 2012/13 (1 November 2012 - 31 January 2013), GERRY WEBER International AG boosted its Group sales revenues from EUR 165.1 million in the same period of the previous year to EUR 184.9 million. The 12.0% increase is primarily attributable to the expansion of the Retail segment and the new Houses of GERRY WEBER and mono-label stores opened in this context.

Based on the national and international expansion of the retail spaces, the Retail segment increased its first-quarter sales by 36.1% from EUR 62.9 to EUR 85.6 million. Against the background of the weak market environment, which was characterized by reduced consumer spending, and the weather-related decline in customer frequency, like-for-like sales were down by 3.4% on the previous year.

A look at the sales trend in the German fashion market shows that the market as a whole reported much higher declines. An independent German trade magazine for the fashion business determined a negative sales trend for November and December 2012 as well as January 2013 between -5% and -9% compared to the respective prior year months.

The Wholesale segment generated sales revenues of EUR 99.3 million, down 2.8% on the first quarter of the previous year. This decline is not only attributable to the weaker market environment but also to a change in segment reporting and the related adjustment of the prior year figures.

Also, the Wholesale revenues for the first three months of the previous year still included the revenues generated by the acquired Dutch Franchise stores. After GERRY WEBER International AG acquired a majority stake in these retail spaces, they now form part of the Retail segment.

At EUR 17.8 million, earnings before interest and taxes (EBIT) in the first quarter of 2012/13 remained almost unchanged from the previous year's EUR 17.7 million. The first three months of the fiscal year 2012/13 were still adversely affected by the effects of the above-average expansion of the Retail segment and the weak market environment. Newly opened retail spaces initially generate a lower sales level than an existing store. This means that the profit contribution of the newly opened retail spaces is initially lower than that of an established store.

In the past fiscal year 2011/12, some 230 Houses of GERRY WEBER and mono-label stores were created as a result of acquisitions and individual store openings as well as 25 formerly franchised Houses of GERRY WEBER were taken over. In the first quarter 2012/13 as scheduled further 20 openings have taken place.  Due to the increased revenue contribution made by the Retail segment, the start of winter sales in January 2013 also had a stronger impact on the operating margin than in the previous years.  Accordingly, the EBIT margin declined from 10.7% from the prior year quarter to 9.6%.


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search