Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / Gerry Weber net sales up 14% for FY 2006/07
Gerry Weber net sales up 14% for FY 2006/07
Jan '08
Reporting new record numbers for the fiscal year 2006/2007, GERRY WEBER International AG has exceeded its sales and earnings targets and impressively continued the dynamic growth seen in recent years. Preliminary figures show sales at approximately EUR 505.0 million which is 14.0 percent up on the previous year's EUR 442.8 million and even clearly ahead of the targeted EUR 500.0 million.

Earnings before interest and taxes (EBIT) rose even faster by 25.9 percent to EUR 51.6 million (previous year 41.0 million). The EBIT margin improved by just under one percentage point from the previous year's 9.3 percent to 10.2 percent in the financial year 2006/2007.

Managing Board Chairman Gerhard Weber said: "These record numbers mean that we have opened a new chapter in our company's history. For the first time ever we have pushed past the magical mark of half a billion euros in sales, with our EBIT margin moving into double digit territory at the same time. This proves the wisdom of the expansion strategy we have pursued in recent years and we will continue to go all out for growth in the future as well!"

The clear sales growth is primarily attributable to higher sales for the GERRY WEBER core brand and the excellent development of the retail segment which groups the sales of the 66 company-managed HOUSES OF GERRY WEBER. Retail was the Group's fastest growing segment in the financial year 2006/2007, with growth coming both from the opening of another 15 own HOUSES OF GERRY WEBER and from higher same- store sales. A total of 177 HOUSES OF GERRY WEBER are currently managed by the company and its franchisees.

A very positive development was also recorded in the monobrand stores for the younger TAIFUN-Collection label, the SAMOON plus sizes collection and the successful GERRY WEBER EDITION sublabel. The 1,198 shop-in-shop outlets contributed to overall sales growth as well. The significant sales increase in 2006/2007 was accompanied by clearly disproportional profit growth which primarily reflected the GERRY WEBER Group's exceptional positioning in the market.

Must ReadView All

Courtesy: Amazon

Apparel/Garments | On 23rd Sep 2018

Consumers in Turkey get access to Amazon

Amazon has launched in Turkey giving customers in the country...

Value in omni-channel retail with Flipkart buying: Walmart

Apparel/Garments | On 23rd Sep 2018

Value in omni-channel retail with Flipkart buying: Walmart

With the acquisition of Flipkart, Walmart sees great value in...

E-com to result in common SE Asian consumer market: BCG

Textiles | On 23rd Sep 2018

E-com to result in common SE Asian consumer market: BCG

The rapid spread of e-commerce and digital technologies is binding...

Interviews View All

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu &amp; Sky is a rapidly escalating brand with the...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on

Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

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

news category

Related Categories:

Advanced Search