THE WHAT? Douglas is waiting for sustained omnichannel success for the 24/25 monetary 12 months after a powerful end to FY23/24. The German perfumery chain is anticipating gross sales to extend to €4.7 billion to €4.8 billion this 12 months.
THE DETAILS Development is anticipated to be pushed by each e-commerce and retailer gross sales, with the previous rising within the excessive single digit vary and the latter within the mid-single digit vary.
From July to September 2024, the group noticed gross sales enhance by 8.7 %, with retailer gross sales rising 7.8 % like-for-like and e-commerce boosted to the tune of 12.8 %.
THE WHY? Sander van der Laan, CEO of Douglas Group, explains, “I’m very glad that we not solely delivered one more 12 months of fantastic outcomes, but in addition managed to exceed our upgraded steerage. On the identical time, we completed good progress in implementing our development technique and sustainability initiatives. Along with our considerably improved monetary profile, this offers us with a powerful tailwind and sturdy basis to additional reinforce our main market place – now and within the years to come back. In consequence, we have now entered the brand new monetary 12 months from a place of energy. Congratulations to the complete crew and our 4 retail manufacturers – you might have really excelled in 2023/24.”