McTrek, the German online and offline discount retailer for outdoor products, raised its sales by 27 percent last year to €37.4 million, with a 43 percent increase in e-commerce. In spite of a difficult market situation due to weather conditions, the gross margin improved by one percentage point to about 47.5 percent, and the company feels that it has clearly overtaken its earlier projections for a net profit of €1.4 million. The company, which is run by Ulrich Dausien, is budgeting a turnover of €45 million for 2014. Three new stores were opened in 2013 and eight more are in the pipeline for 2014, taking the total door count up to 35 units. Two of those will be small “smart shops” located in shopping centers and connected to McTrek's online sales platform.
Related articles
-
ArticleStrong demand for travel packs should bolster Osprey sales in EMEA, APAC
Osprey parent Helen of Troy reported 5.4 percent Q4 sales growth for its Home and Outdoor segment to $223.3 million. Segment revenues were sparked by higher sales in the brick-and-mortar and club channels, higher insulated beverageware sales from its Hydro Flex business, and international growth led by strong demand for ...
-
ArticleShimano value sales down double-digit in Q1
Even during the bicycle boom in the Covid years, the world’s leading bicycle component manufacturer Shimano Inc. repeatedly stepped on the brakes in its outlook for the time after the pandemic. At least the sales figures for the first quarter of 2024 show that the Japanese company was not so ...
-
ArticleBLS parent Brockhaus Technologies records further growth in 2023
German company Brockhaus Technologies AG closed the 2023 financial year with a 31 percent increase in turnover compared to the previous year to a total of €186.63 million. The subsidiary Bikeleasing-Service GmbH & Co. KG (BLS) also contributed to this excellent result. The publicly listed, Frankfurt-based company has held a ...