GERMANY: Jack Wolfskin full-year turnover falls 7.9%
German outdoor clothing specialist Jack Wolfskin has reported a 7.9% decline in full-year turnover, dampened by difficult market conditions in Germany and Austria.
Turnover reached EUR324m (US$440.4m) during fiscal 2013. The company said it suffered fierce competition in Germany and Austria, as well as lower footfall and unfavourable weather conditions.
Despite this, the group enjoyed strong growth in its international markets, with sales up 45% in the UK, growing 25% in China, and rising 13.7% in Eastern Europe.
"We worked hard in 2013 and paved the way for growth in 2014 by means of a continually high rate of new products in the collection, staffing and structural changes in sales, as well as the expansion of our activities in Russia," said CEO Michael Rupp.
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