The clothing provider Witt-Group, which belongs to the Hamburg trade and service group Otto Group, stayed on growth course in the latest 2024/25 financial year.
In the end of February, the WITT group was able to achieve sales of almost 1.26 billion euros. This corresponded to growth by 5.1 percent compared to the previous year. In addition, an “over -planned result” was achieved, Josef Witt GmbH said on Wednesday.
According to the company, an “important sales channel” remained the catalog business. However, the online business (+8 percent) and sales in the inpatient branches (+2 percent) have also been “very gratifying”, according to a message.
Patrick Boos, the chairman of the management of the WITT group, was satisfied with the results in view of the difficult framework conditions. “While many competitors weaken or even completely disappear from the market, the WITT group exceeded its results in addition to the sales record,” he said in a statement.
The WITT group, which according to its own information, focuses on women’s fashion for “Die Targe Group 50plus” is active in ten countries and currently has 20 own online shops and around 110 branches.