Sabu, the German cooperative of shoe retailers, reports an 11 percent increase in centralized settlements to €167.8 million for the first half of 2010, attributing the performance mainly to the entry of new retail members. The members' own sales rose by about 5 percent during the period.
Meanwhile G-Lord, the 5-year-old German footwear buying group, is expecting a 20 percent increase in centralized settlements this year, thanks to organic growth and the affiliation of new retail members.
An improved consumption climate seems to have been partly responsible for these good scores. According to the German Institute für Handelsforschung, shoe retailers' sales were flat in the first half of this year, despite a 14 percent increase in June, but the German shoe retailers' federation, BSE, says they grew by 4 percent.
More on this at the imminent GDS show in Düsseldorf, where the German shoe industry association, HDS, will also lay out its figures. They are expected to show a 3.6 percent increase in the sales of German shoemakers for the first half of 2010, with a jump of 13.5 percent in their turnover outside the country.