GERRY WEBER Retail back on the growth track

(PresseBox) ( Halle/Westphalia, )
- Retail revenues rise to EUR 104 million in Q4 2012/13
- Like-for-like Retail revenues in Q4 2012/13 up 3.1% on previous year
- Positive trend of the fourth quarter 2012/13 continues in November and December 2013
- E-shop starts the new fiscal year with 18.4% growth

According to preliminary figures, the Retail segment of GERRY WEBER International AG generated sales revenues of EUR 104 million in the fourth quarter of 2012/13 (Q4 prev. year: EUR 85.2 million), giving impressive proof of its role as the growth driver of the GERRY WEBER Group. This represents an increase of approximately 22% on the previous year. The rise in sales revenues was attributable not only to the newly opened company-managed Retail stores but also to the established Houses of GERRY WEBER. Like-for-like Retail revenues were up by 3.1% in Q4 2012/13 on the previous year, thus outperforming the German fashion market as a whole, which, according to a panel of Germany's leading magazine for the textiles sector, reported likefor- like growth of +1% in August 2013 and of +/-0% and -3% for September and October 2013, respectively.

The good trend of the fourth quarter of 2012/13 continued in the first months of the new fiscal year 2013/14. Like-for-like Retail revenues in Germany were up by 3.5% in November and by 2.7% in December 2013. This compares with +5.0% and -4% for the German fashion industry as a whole in November and December 2013, respectively.

The positive performance shown by all distribution channels is attributable not only to the weather-related higher footfall but also to the high quality of our fashion collections.

"Especially the first two themes of the new spring/summer collection, which have been available in the stores since mid of October, meet our customers' expectations and have good sell-through rates at all our partners in Germany and abroad," says Gerhard Weber, CEO of the GERRY WEBER Group. "The past years have seen us work to modernise and restructure our collections and we are now benefiting from this continuous optimisation process."

The positive trend is not only confined to Germany but can also be felt in other European core markets of the Group. Markets begin to stabilize and indicate an improvement of the overall situation. The e-shop grew by 23.8% in Q4 2012/13 and started the new fiscal year with an increase in sales of 18.4%. It is planned to launch the e-shop in more countries and to add another marketplace in the current fiscal year.

Ralf Weber, Board member in charge of the Retail segment, says: "It is a great success that we were able to outperform the fashion industry at the beginning of the new fiscal year, especially with regard to the like-for-like figures in Germany and abroad. The positive performance of the new stores opened in the past two years also makes us optimistic about the future."
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