Prices rises and demand for closed-toe clogs lead to 16% sales increase for German sandal maker
Price rises and strong sales of closed-toe clogs helped the shoe maker Birkenstock beat profit expectations as it became the latest beneficiary of the “ugly shoe summer”.
The German sandal maker said sales rose 16% in the three months to the end of June, if currency fluctuations were excluded. The average price of its products sold rose by about 5% and the number of items sold rose by about 8%.
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