Companies

Leder & Schuh on growing mode

Sep 27, 2023 Austria

The Austrian-based footwear retailer posted a 25% increase in revenue in 2022, as compared to the previous year, and added that sales have continued to grow so far this year

Last year, the company's revenue grew by 25% from 280 million euros in 2021 to 351 million euros. Its gross profit totalled 147.5 million euros, increasing from 117.5 million euros in the prior year, with the gross profit margin remaining stable. In addition, Leder & Schuh's EBIT rose from 3.5 million euros in 2021 to 3.8 million euros in 2022.

“After challenging times in the retail sector, we were able to further expand the positive sales development of the previous year in 2022. We achieved this on the one hand through a balanced collection segmentation of external and own brands, but also through our all-around service in stationary and online retail. This strategy enabled us to outperform the market in 2022 with a sales increase of 25 % and thus clearly differentiate ourselves from other retail brands”, commented Wolfgang Neussner, CEO of Leder & Schuh.

Founded in 1872 in Graz, Austria's second-largest city after Vienna, Leder & Schuh operates the Humanic subsidiarity in Austria and eight other European countries (Germany, Bulgaria, Croatia, Romania, Slovakia, Slovenia, Czech Republic and Hungary), with a total of 142 stores, and the Shoe4You subsidiary, with a total of 61 stores across Austria.

The company is thus proving to be an important intermediary for the footwear trade in Central Europe, as pointed out by the World Footwear 2023 Yearbook (more information available HERE) on recent developments in the Austrian footwear industry.

The footwear retailer recently acquired several stores from Reno and, according to its CEO, is planning to expand its store network in all market segments. This year, five new stores have already opened in Austria and two more openings are planned for 2023.

Sources: across-magazine.com and shoeintelligence.com

Image Credits: inyourpocket.com

Austria Footwear Results Retail Shoes Year Results