Leder & Schuh, parent company of Humanic, Stiefelkönig and other shoe retail chains, continued to make losses in the first half of this year. Without mentioning yet any figures, the management of the Austrian company said that they will show an improvement and that a financial turnaround is expected by the end of 2014. Sales were up on a same-store basis during the period. The company has obtained sufficient credit lines to finance operations and the restructuring and reorganization of the retail network through 2016.