Net sales for French cosmetics company L’Occitane grew by 11.7 percent totalling €177.9m in the last fiscal year, driven largely by markets such as China, Hong Kong, Macau and the United States.
The retailer posted its sales results for the year ending March 31, which revealed that net sales in Japan, Hong Kong & Macau, and the United States, climbed by 6 per cent, 21.2 percent and 15.2 percent year-on-year, respectively.
In total, sales in these major markets accounted for more than 40 percent, or €476 m, of total sales.
Sales in mainland China also grew by 28.9 percent year-on-year, reaching a total of €102.8m.
L’Occitane continued its global retail expansion with a total of 82 new stores opening during the last fiscal year, (excluding the acquisition of 7 stores from a distributor in Norway). The company also opened 91 stores during the fiscal year ending March 31 2014 (excluding the acquisition of 6 stores from a distributor in South Africa).
L’Occitane also maintained its retail network upgrade, by renovating and relocating 108 stores (compared to 121 stores during the fiscal year ending 2014).