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.
- VF Corp confirms interest in Africa sourcing
- Euro decline weighs on Turkish clothing industry
- G-Star RAW pushes the boundaries of denim
- Will Amazon take over the US apparel market?
- US groups seek workable apparel provisions in TPP
- Metallised thread for "revolutionary" RFID tag
- Manufacturing in China falls to 15-month low
- UK retailers to answer over human trafficking
- VF Corp ups guidance on "strong" Q2
- Eliminating risk tops sustainability agenda
- Ethiopia – the emerging textile and clothing industry
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Management briefing: Factory safety and auditing: The key challenges
- Global market review of workwear - forecasts to 2019
- Sustainable Textiles for Apparel: Fact, Fiction and Future Prospects