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Faster collection intervals to accelerate growth of GERRY WEBER
29 Sep '08
5 min read
At the same time, the streamlined collection will clearly help cut the company's costs, allowing the GERRY WEBER Group to offer retailers higher mark-ups on unchanged retail prices. “Our accelerated collection changes permit to respond to consumer wishes even faster and shift our growth engine into even higher gear”, Gerhard Weber concluded.
The GERRY WEBER Group's rapid growth was once again reflected in the Group's nine month sales which advanced from the prior year's EUR 344.0 million to EUR 388.1 million in the current year. The 12.8 percent increment was mainly supported by the excellent trend both in the GERRY WEBER core brand and in the company's own retail activities.
At EUR 335.9 million, brand sales were up 13.2 percent on the previous year's EUR 296.8 million. Growing at a rate of 15.1 percent, GERRY WEBER led the expansion of the three brands, improving its revenues from EUR 217.6 million to EUR 250.5 million, which was due not least to the performance of the GERRY WEBER EDITION and G.W. sub labels. The core brand accounted for 74.6 percent of sales, thereby consolidating its eminent importance for the company.
The younger TAIFUN label contributed EUR 66.0 million. The 10.2 percent sales increase compared to the previous year (EUR 59.9 million) reflects the label's growing acceptance at the retail level. The Group's second largest brand contributed 19.6 percent to total brand revenues. The brand for plus sizes, SAMOON, also showed a year-on-year improvement from EUR 19.3 million to EUR 19.4 million, accounting for 5.8 percent of total revenues.
The largest sales increase, namely 26.2 percent, was achieved by the retail segment, which aggregates the revenues of the 91 company-managed HOUSES OF GERRY WEBER in Germany and abroad. The GERRY WEBER Group's fastest growing segment saw sales revenues climb from EUR 64.2 million to EUR 81.0 million during the period. This increase is primarily attributable to the fact that many new HOUSES OF GERRY WEBER were opened.
However, the GERRY WEBER Group's same-store sales improved as well. While German textile retailers incurred sales losses by some six percent since the beginning of the financial year, the company-managed HOUSES OF GERRY WEBER grew their sales by an average of 3.5 percent on a like-for-like basis, which means that the GERRY WEBER Group's organic retail growth was also far above the industry average.
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The GERRY WEBER Group's rapid growth was once again reflected in the Group's nine month sales which advanced from the prior year's EUR 344.0 million to EUR 388.1 million in the current year. The 12.8 percent increment was mainly supported by the excellent trend both in the GERRY WEBER core brand and in the company's own retail activities.
At EUR 335.9 million, brand sales were up 13.2 percent on the previous year's EUR 296.8 million. Growing at a rate of 15.1 percent, GERRY WEBER led the expansion of the three brands, improving its revenues from EUR 217.6 million to EUR 250.5 million, which was due not least to the performance of the GERRY WEBER EDITION and G.W. sub labels. The core brand accounted for 74.6 percent of sales, thereby consolidating its eminent importance for the company.
The younger TAIFUN label contributed EUR 66.0 million. The 10.2 percent sales increase compared to the previous year (EUR 59.9 million) reflects the label's growing acceptance at the retail level. The Group's second largest brand contributed 19.6 percent to total brand revenues. The brand for plus sizes, SAMOON, also showed a year-on-year improvement from EUR 19.3 million to EUR 19.4 million, accounting for 5.8 percent of total revenues.
The largest sales increase, namely 26.2 percent, was achieved by the retail segment, which aggregates the revenues of the 91 company-managed HOUSES OF GERRY WEBER in Germany and abroad. The GERRY WEBER Group's fastest growing segment saw sales revenues climb from EUR 64.2 million to EUR 81.0 million during the period. This increase is primarily attributable to the fact that many new HOUSES OF GERRY WEBER were opened.
However, the GERRY WEBER Group's same-store sales improved as well. While German textile retailers incurred sales losses by some six percent since the beginning of the financial year, the company-managed HOUSES OF GERRY WEBER grew their sales by an average of 3.5 percent on a like-for-like basis, which means that the GERRY WEBER Group's organic retail growth was also far above the industry average.
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GERRY WEBER International AG
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