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C&A to double BIO-Cotton exposure in 2012

30
Apr '12
C&A Europe concluded the financial year 2011/12 successfully in a challenging market environment. The fashion-value retailer with 1537 stores in 20 European countries drove sales performance once again above industry average across Europe and in most of its markets. From 1 March 2011 to 29 February 2012 (financial year 2011/12), total gross sales of C&A Europe grew by € 212 million to € 6,8bn, a gain of 3.2 %.

“Our persistently solid and above European market growth during our anniversary year 2011, demonstrates once again our continued ambition for sustainable business development,” declared Andreas G. Seitz, member and spokesperson of C&A's European Executive Board, presenting the annual results for the financial year 2011/2012.

“We are constantly developing the C&A brand. Furthermore, we continue to invest significantly in our store network in new and existing retail markets. We aim to work innovatively across channels – be it offline or digital - and we are focussing our efforts on improving the customer offering with accents on style, quality and excellent
value-for-money", Seitz said.

In the financial year 2011, C&A Europe has achieved a clearly higher growth rate (+3.2 % vs. previous year) than the aggregated European apparel market average (-0.2 % vs. previous year). As a consequence, C&A expanded its aggregated European market share from 5.4 % to 5.6 %. “Particularly in view of a sluggish and still volatile market environment with challenging seasonal conditions, the achievements made in 2011 affirm our business approach of flexibly responding to changing market scenarios without losing sight of our long-term growth targets," Mr. Seitz stated.

C&A will continue to build on the long-term advantages of sustainable business practices. The new Corporate Responsibility Report, which was presented by the spokesperson of C&A's European Executive Board together with the key financial figures for the year 2011/12, is a clear proof of this. In “We Care. Acting Sustainably. C&A 2012.”, the company reports on its social and ecological commitments and associated targets.

“Particularly at the early stages of the supply chain, the emphasis is on the responsible use of natural resources such as soil, water and air," Seitz explained. In this context, he noted in particular the accelerated expansion of C&A's BIO-Cotton collection.

“This is by far C&A's largest and most visible sustainability programme, which stems from the genuine interest in applying the rules of ethical management and environmental protection.” In financial 2011/12, C&A Europe significantly increased the efforts and sale of BIO-Cotton articles to above 32 million items (26 million the year prior), a gain of over 20 %. For the year 2012, C&A aims to double this figure to over 60 million items.

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C&A Europe


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