Gabor Shoes reports a tiny increase of one percent for its total sales in 2016, which reached €396 million, with a stable volume of 9.1 million pairs on a comparable basis. Recovering from the decline it suffered in 2015, the company's core brand, Gabor, recorded a sales increase of 2.3 percent to €347 million in 2016 on stable deliveries of 8.3 million pairs, but the export ratio grew slightly to 51.7 percent, indicating that there was basically no growth in its domestic German market.
The company blamed a decline in traffic at its single-brand stores, due in part to competition with e-tailers and the fear of terrorist attacks. It added that its business outside Germany was made difficult by Brexit, the Russian crisis and the volatility of currencies.
There were a total of 128 single-brand Gabor stores around the world at the end of 2016. Including soft shops, the total managed retail space consisted of 629 stores and shop-in-shops, down from 651 at the end of 2015. They were mostly run on a franchised basis.
The licensed Camel Active shoe business recorded a decline to €38 million from €41 million the year before. Excluding the license for children's shoes under this brand name, which was phased out in 2015, Gabor's total sales under the brand rose by 5.8 percent.
The company services a total of about 5,000 accounts around the world. It employs 3,257 people, including about 2,800 workers at its factories in Portugal and Slovakia.
Gabor plans to complete the modernization of its distribution center this year. It also plans to introduce so-called Gabor Sales Generators, intended to expand the inventories at the disposal of its retail partners.