Its consolidated sales should increase by about 15 percent to €600 million for the year ending next May 31 based on current orders, with sales outside Germany rising from 43.1 to 47 percent of the total. Wortmann’s foreign growth has been particularly strong in the UK, France, Russia and other parts of Eastern Europe.
Thus, Wortmann would sell for the first time more than 20 million pairs of shoes in the fashion range under brand names such as Tamaris, Caprice etc., plus more than 40 million pairs of standard footwear sourced in Asia, mostly through Novi Footwear. The number of its employees at 10 locations in Europe and 12 others in the Far East has swollen from 615 to over 700 in the past year.
For the 1st half of the current financial year, Wortmann reports a 14.3 percent sales increase to €303.8 million. The sales campaign for Spring/Summer 2006 has been boosted by the launch of the S. Oliver shoe collection, which recorded a double-digit gain in orders as compared to the previous score under the MSC Group.
Wortmann recently launched a new merchandising initiative for its main brand, Tamaris, starting with a franchised store in Berlin last September. The company has since opened another outlet in Ingolstadt and is now looking at six other new shops in the coming weeks, growing into a network of about 50 shops across Europe.