Gerry Weber wants to boost its turnaround with the debut of a new brand. Gr8tful is a digital-only label offering premium womenswear with its launch this month inviting customers to a “relaxed online shopping” experience
Is Gerry Weber about to turn a corner? The company that has been struggling with weak results saw core nine-month sales dropping just 2.9% it said Thursday, which isn’t bad in the context of earlier results.
Just a week after under-pressure womenswear giant Gerry Weber reported falling sales but said its turnaround was on track, it has parted with one of its top execs its share price has fallen as a result.
It’s not been an easy time for former womenswear powerhouse Gerry Weber of late but the company was upbeat this week even though it had to report lower sales and profits for the six months to April 30.
Gerry Weber International has had a bruising time in recent periods but there seems to be light at the end of the tunnel as the firm starts to recover on the back of a carefully controlled turnaround strategy.