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    DGAP-News  394  0 Kommentare Gerry Weber Retail segment continues to grow


    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
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    DGAP-News Gerry Weber Retail segment continues to grow DGAP-News: Gerry Weber International AG / Key word(s): Miscellaneous Gerry Weber Retail segment continues to grow 14.11.2014 / 07:45 --------------------------------------------------------------------- Corporate News GERRY WEBER Retail segment …