German magnificence retailer Douglas stated Monday its first quarter gross sales rose to €1.56 billion ($1.71 billion), up simply over 8 p.c from the identical interval a 12 months earlier, preliminary figures present.
E-commerce gross sales for the interval, which covers Oct. to Dec. 2023, elevated 10.7 p.c, whereas in-store gross sales rose 7.1 p.c.
Chief government officer Sander van der Laan stated the corporate remains to be on monitor to understand its objective of €5 billion in internet gross sales in 2026 regardless of the robust financial local weather in Europe.
Douglas operates over 1,800 shops throughout Europe and shares a mix of mass, status and luxurious manufacturers together with Kylie Cosmetics, Lancôme and La Mer, in addition to buzzy manufacturers comparable to Naturium and Sol de Janiero, along with an in-house line providing skincare, nail care and cosmetics.
Study extra:
How Beauty Brands Are Gearing Up for 2024
Magnificence manufacturers are readying for an additional tumultuous 12 months as rising buyer acquisition prices and a bearish funding local weather hamper progress alternatives.
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