'Houses of Gerry Weber' increase their turnover
The fashion company, Gerry Weber, which has both company-owned and franchise-run 'Houses of Gerry Weber' shops, succeeded in increasing both its turnover and profits in the 2005/06 business year. The reason for this can be put down to the fact that it has opened up new stores; the results are, however, below the company’s forecasts.
According to reports in the media, the company’s board has announced that it is not changing its sales forecast of just under 500 million euros for the current business year. Furthermore, Gerry Weber is looking to reduce its costs, partly by relocating its production activities to North China and low-wage Eastern European countries. The company is also intending to continue to expand its network: there are 129 'Houses of Gerry Weber' active on the market with further branches currently being planned.