Gabor keeps annual sales “almost stable”

The shoe supplier Gabor Shoes AG announced on Wednesday that it was able to keep its sales “almost stable” in the 2023 financial year.

The company, based in Rosenheim, Upper Bavaria, said that total sales of all brands including licenses reached 322 million euros last year. This means that revenues were just under one percent below the previous year’s level of 325 million euros. Sales volume fell from 6.7 to 6.5 million pairs of shoes.

“After increasing by 25 percent in 2022, we were able to maintain our sales level in 2023 despite the unfavorable external conditions,” explained CEO Stefan Blöchinger in a statement. “Business in Germany declined due to many closures in retail and the cautious consumer mood, but we were able to partially compensate for this in exports.” According to the company, the share of foreign business in total sales, which had been 43 percent in 2022, increased to almost 50 percent.

Blöchinger, who has been running Gabor since last summer, was satisfied with the “pleasant” development of the online marketplace. This has grown significantly “contrary to the negative overall e-commerce market”. In addition, business in its own stationary stores has increased “noticeably”.

The CEO promised groundbreaking decisions for 2024: “The year will bring many decisions that will pave the way for future growth,” he explained.