Gerry Weber revenues decline, Hallhuber posts sales growth

In the first nine months of the financial year 2016/17, consolidated sales revenues of Gerry Weber International were down by 2.9 percent to 620.1 million euros (736 million dollars), which the company said was primarily because the store portfolio of the core retail segment was streamlined as planned. However, the Hallhuber subsidiary recorded a 5.3 percent increase in revenues and contributed 140.8 million euros (167 million dollars) to the group’s revenues in the first nine-month period.