Thomas Steinhart, S.Oliver
07 May. 2013
S.Oliver Group records growthRottendorf-based S.Oliver group has completed the fiscal year 2012 with a total revenue of 1.265 billion Euro (previous year: 1,200 billion Euro), which is a 5.4 percent improvement compared to the previous year.
Thomas Steinhart, CFO S.Oliver, comments: “2012 was a very difficult year for the market but nevertheless successful for our company. We are proud to have achieved growth even in these times of economic turbulence.”
The growth might have been positively influenced by the fashion brand’s several own store openings in 2012, amongst others in Belgium, Croatia, the Czech Republic and Austria.
To better serve the Scandinavian market, S.Oliver also opened a new showroom in Helsinki in September 2012, serving wholesale and franchise partners.
Eastern Europe and Russia generated a 50 percent increase in sales and recorded eight new wholesale and franchise openings in locations including St. Petersburg, Kiev and Moscow.
Within the running year, S.Oliver plans to expand to Canada and has already opened two showrooms in Montreal and Canada. Thomas Steinhart forecasts: “We are positive about the year 2012 and want to boost our turnover by another 10 percent.”
The S.Oliver group currently runs 205 own stores, 351 franchise stores and is present in 2,864 shops and 3,883 other retail spaces in 30 countries.
Tatjana von Elverfeldt
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