20 Apr. 2009
S.OLIVER GROWS UPRottendorf-based s.Oliver Group is in a celebratory mood. The German company is not only celebrating 40 years in the business but also its numbers. As announced, the company completed the previous business year with a total brand turnover of €1.11 billion. With this, the company increased its brand turnover to 10.1% compared to the prior year (€1.05 billion).
“2008 has been a successful year for us,” sums up Thomas Steinhart, Chief Financial Officer. “We are confident for 2009. We have planned some important store openings in Germany as well as internationally.”
The company’s expansion comprised new retail stores, which were opened in Germany, Belgium, France and India, as well as in emerging markets such as Poland. In addition, in 2008, individual product lines were positioned with monobrand stores for the first time. Thus four QS by s.Oliver stores were opened in Austria and Germany. The first s.Oliver Selection store also opened its doors in Germany.
s.Oliver was founded by Bernd Freier in Würzburg in 1969 and has 4,800 employees worldwide. Its products can be found in more than 30 countries. All in all, the company operates 117 stores of its own and 394 stores in collaboration with partners, and is represented in 2,221 shops and on 2,048 sales floors. While focusing on Austria, Switzerland and Benelux has boosted the s.Oliver brand presence in Europe, the company reports that India and Eastern Europe were also strong growth drivers.
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