14 Feb Footwear Retail Trade Largely Dissatisfied
The BDSE confirmed that according to a recent survey with owner-run shoe retailers in Germany, 75% of shoe stores were unable to reach their previous year’s figures as part of the GDS opening press conference, held at the Areal Böhler on the 7th of February, Brigitte Wischnewski, President of the Federal Association of the German Footwear Retail Trade (BDSE) presented some of the figures marking the last year.
Wischnewski started to say that the survey concluded that 75% of shoe stores were unable to reach their previous year’s figures and only about 10% of companies were able to increase their turnover.
Overall, the footwear retail trade posted a 2% drop in turnover with smaller firms tending to come off worse than larger ones. However, online retail was once again able to post growth for footwear even though the growth rates have weakened significantly. The BDSE estimates the online share to now stand at 17%.