The Belgian shoe manufacturer Brantano has reported a 6% rise in sales revenue in 2002, with profits climbing from Eur282.6 million to Eur299.4 million (US$301.1 million to US$319 million).

The leading footwear chain, which operates a total of 295 stores in Europe, attributed the revenue boost to its acquisition of 24 new stores.

Following its recent acquisition of 28 Famous Brunswick warehouse shops in the United Kingdom, the operator says it now hopes to see profits rise by a further 11% during 2003 to Eur333 million (US$354.8 million).

Of Brantano’s total sales revenue for 2002, Belgium sales accounted for Eur130.6 million (US$139.1 million), the United Kingdom for Eur132.5 million (US$141.2 million), the Netherlands for Eur28.3 million (US$30.2 million) and Denmark for Eur8.1 million (US$8.6 million).

Executive board member, Joris Brantegam, said: “In 2003, we want to open around 45 new shops, of which 38 will be in the United Kingdom, including the 28 Famous Brunswick Warehouse shops, as well as 4 in Belgium and 3 in Denmark.”

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