Deichmann with sales down by 20%
The Germany-based retailer registered a 20% decline in sales last year, resulting in lost revenue of 1 billion euros at global level. Chairman Heinrich Deichmann told in an interview to Textilwirtschaft
During the interview, the manager of the retailer confirmed that Deichmann had not dismissed any employees or closed stores, but the parent company Deichmann SE saw a “significant deterioration of its bottom line”.
Heinrich Deichmann added that it is still unclear what compensation the group can obtain from the German government in the context of the restrictions implement to fight the progRession of the pandemic.
Deichmann’s Chairman also said that the “significant increase in online sales” registered by the group was not enough to offset the loss of the brick and mortar stores.
Source: Shoe Intelligence
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