The strong growth was mainly driven by the group's financial services.

Looking at the three areas in which ANWR specializes as a cooperative of retailers (footwear, leather goods and sporting goods) different performances were registered. In the footwear sector, where the segments ANWR Schuh, Garant, Rexor and Quick Schuh play, the volume declined by 1.5% but remained above 1.5 billion euros. The leather goods business declined by 1.7% to 107 million euros. As for the sporting goods segment the business increased by 9.6% reaching almost 1.3 billion euros. The group operates in this segment through retailers affiliated with Sport 2000 (Germany, Switzerland and Benelux).

The group announced it aims to expand its showroom and office facilities in Mainhausenm, where it expects to set a 2 500 square meter building that can be used by brands such as Nike and Asics to interact with ANWR members.

The ANWR GROUP is a cooperative group of companies. With a business volume of 8.7 billion euros, it is among Europe’s leading trade cooperatives in the non-food sector. Around 5 500 independent companies in the shoe, sports and leather goods industry with almost 10 000 sales outlets, as well as numerous medium-sized confederations of retailers are involved in the business. The group has representation in many European countries and currently employs just under 1 200 members of staff. The number of employees in our affiliated trading companies is around 80 000.

Source: Shoe Intelligence