The Braunschweig-based clothing provider New Yorker SE achieved new record results in the 2024 financial year. The company confirmed this on Monday at the request of FashionUnited. The textile retailer also gave an outlook on its current growth plans.
“Despite all the hurdles, we ended the past year very positively,” explained managing director Jonas Gnauck in a statement. With total sales of around 3.8 billion euros, 2024 was “the most successful year so far” in the company’s history.
Market entries in Kuwait and Greece are planned for 2025
In addition, New Yorker continued its expansion course. “In total, we opened or reopened 124 stores,” says Gnauck. “We also celebrated two market entries in Bahrain and Uzbekistan.” At the end of the year, the company had a total of 1,292 stores in 47 countries. Ten of the branches are therefore “not operated in-house, but by franchise partners”. Germany remains the largest market. New Yorker currently has 266 stores in this country.
The clothing provider also wants to expand in 2025. “Further country entries are planned in Kuwait and Greece,” explained Gnauck. “But further growth is also planned in the countries where New Yorker is already successfully represented.”