The GERRY WEBER Group again reported new sales and earnings records for the first half of 2009/2010. Group sales increased by 4.5 percent, with all profitability figures improving disproportionately. “In the past months, we have clearly rejuvenated our collections and now present a clear and consistent signature across all three brands. This has made us even more attractive to our consumers and allowed us to grow significantly in spite of weak consumer spending,” said CEO Gerhard Weber. “The double-digit increase in incoming orders shows that we are ideally positioned to reach our growth targets for the current fiscal year.” Incoming orders for the seventh collection for the autumn/winter 2010 season totalled EUR 40.8 million, up 34.2 percent on the previous year. GERRY WEBER core brand reported a 33.9 percent increase from EUR 23.9 million to EUR 32.0 million. Incoming orders for TAIFUN rose by an impressive 29.4 percent from EUR 5.1 million to EUR 6.6 million, with orders for SAMOON by GERRY WEBER rising by as much as 57.1 percent from EUR 1.4 million to EUR 2.2 million.
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At today’s Annual General Meeting of GERRY WEBER International AG, all items on the agenda were approved by a vast majority of the shareholders, who thus once again expressed their confidence in the company’s management. The Managing Board’s and the Supervisory Board’s profit appropriation proposal of EUR 0.85 per voting share for the fiscal year 2008/2009 was accepted.
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Fashion retailers have awarded GERRY WEBER with the “Best Shop Award 2010” in recognition of the company’s excellent shop concept. The prize was awarded for the first time by BTE MARKETING BERATER, the trade magazine of the Federal Association of German Textile Retailers (BTE), which had asked its members to participate in the voting.
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On 15 April 2010, a new HOUSE OF GERRY WEBER was opened at Schadowstraße 20/22 in Düsseldorf. The new flagship store for high-quality ladieswear presents the latest fashion trends for spring and summer on an area of 1,000 square metres.
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Hitting new sales and earnings records, the GERRY WEBER Group had a successful start into the fiscal year 2009/2010. Notwithstanding the general spending restraint, the company generated record sales of EUR 139.8 million, while at the same time improving its profitability significantly. “We are excellently positioned in the market and have our costs firmly under control. Moreover, we rely on sustainable expansion,” CEO Gerhard Weber commented on the company’s record streak. “The Retail business is our growth driver, keeping us in the fast lane even in difficult economic times. Our own Retail activities represent an important competitive advantage, which we will expand consistently.“
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The research institute EHI awarded a prize to GERRY WEBER International AG in the category ”Best Enterprise Solution“ yesterday, for the best IT solution in retail. During a festive evening event organised on the occasion of the IT fair EuroCIS, the selection committee of high-calibre international specialists awarded yesterday for the third time the winners of the Retail Technology Awards Europe (reta) in the ”Club” of the Capitol Theatre in Düsseldorf. Dr. David Frink, Managing Board IT, Logistics, Production, and Christian von Grone, head of IT, received the prize for GERRY WEBER International AG. In addition to GERRY WEBER International AG, the REWE Informations-Systeme GmbH and Otto International were awarded prizes in the category ”Best Enterprise Solution“.
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The Fashion Beacon Project at CeBIT 2010 (2 - 6 March in Hannover, Germany) revolves around the introduction of the RFID (radio frequency identification) at GERRY WEBER. The exhibit will be located on Stand A26 in Hall 006, where GERRY WEBER AG will present this pioneering project jointly with its partners, T-Systems, Avery Dennison and Salt Solutions. The idea behind the eight beacon project from different industries is to showcase innovative applications and to introduce visitors to innovative technologies in new ways. CeBIT visitors will be able to explore the potential of AutoID technology for the optimisation of industrial and logistic processes. The AutoID/RFID Solutions Park has emerged as an important component of the world’s largest IT fair.
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The GERRY WEBER Group was able to continue its sales and earnings record streak even in the financial year 2008/2009, which was marked by the global economic crisis. At EUR 594.1 million, Group sales reached the highest level in the history of the company. At the same time, the EBIT margin improved by a full percentage point to 12.0 percent. “The new approach taken by the GERRY WEBER Group both on the sales side and on the procurement side in past years has yielded important competitive advantages which are now paying off,“ CEO Gerhard Weber commented on the company’s excellent performance.
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(Halle/Westphalia, 21 January 2010) In spite of the global economic crisis, the GERRY WEBER Group reached new sales and earnings records in the financial year 2008/2009 and impressively continued its success story even in an adverse economic environment and against the general sector trend. According to preliminary figures, Group sales increased by 4.2 percent on the previous year’s EUR 570.0 million to approximately EUR 594.1 million. The success of the decision to put earnings before sales revenues is reflected not only in the excellent bad debt ratio of approx. 0.1 percent – which is not least attributable to restrictive receivables management – but also in the disproportionate increase in earnings before interest and taxes (EBIT), which rose by 13.6 percent from the previous year’s EUR 62.7 million to EUR 71.2 million in the financial year 2008/2009. The EBIT margin climbed from 11.0 percent to 12.0 percent.
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