Gerry Weber announced its financial results

Germany: Gerry Weber International has announced its financial results for the first quarter of 2017. The fashion brand noticed a decrease of 2.1% in its sales revenue to € 209.2 million, and reported flat net earnings in the said period.

The sales at core brands of the company: Gerry Weber, Taifun and Samoon registered fall of 2.4%. Gerry Weber brand’s core wholesale segment however booked sale of 11.1% and considerable margin improvements was noticed at Hallhuber label. Besides, the fashion retailer indicated that due store closures last year, a 3.4% plunge in like-for-like revenues was also noted. The Gerry Weber International has been expecting sales revenues to be 2-4% down from last year (Euros 900.8 million).