Douglas Q1 2023/4: Sales rise 8.3 percent to €1.56 billion

Douglas Q1 2023/4: Sales rise 8.3 percent to €1.56 billion

THE WHAT? Douglas has released preliminary results for the first quarter of the current financial year (2023/24). The German perfumery chain saw group sales rise 8.3 percent in the three months ended December 31, 2023 versus the prior year to €1.56 billion.

THE DETAILS Store sales recorded an increase of 7.1 percent while e-0commerce put on 10.7 percent yoy, proving that Douglas’ omnichannel strategy is paying off.

THE WHY? Sander van der Laan, CEO DOUGLAS Group, said: “I would like to thank all colleagues in the stores and behind our web-shops for their great job during this important quarter. Regardless the difficult economic circumstances, our customers are attracted by our comprehensive beauty offering and appreciate the broad omnichannel range of brands. Our peak season has been proven to be very successful. We are on track to achieve our ambition of 5 billion euros net sales in 2026.”