News

Footwear buyers` group defies downturn in spending

30/01/2003

Despite the generally unhealthy retail environment, orders placed with Europe’s largest buying group for small to medium-sized independent footwear retailers,  Garant Schuh & Mode, rose by 9.1%.

Outside of Germany, where a 4% decline was seen, order volume climbed 16.3% as retailers in France, the Netherlands and Belgium collectively increased their share of orders to 68.7% of the total.  As a result, the group was able to declare a 4.2% increase in profits, to Eur118.3 million, on total orders of Eur1.3 billion.

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