Focus on Future Omnichannel Success: With a robust conclusion to the fiscal year 2023/24, Douglas anticipates continued growth in its omnichannel strategy for the 2024/25 financial year. The German luxury perfume chain projects an increase in earnings to a range between €4.7 billion and €4.8 billion.
Anticipated Sales Performance: Both digital and physical retail sectors are expected to drive growth, with online sales predicted to rise by a high single-digit percentage and brick-and-mortar locations by a mid-single-digit percentage. Between July and September 2024, the company’s sales increased by 8.7%, with retail outlets experiencing a 7.8% increase in like-for-like sales, and online sales seeing a boost of 12.8%.
CEO’s Vision: Sander van der Laan, Douglas Group’s CEO, shares, “I am thrilled not only to have achieved yet another excellent year but also to have surpassed our revised targets. Importantly, we advanced our growth strategy alongside our sustainability efforts. Our enhanced financial profile provides a solid foundation, putting us in a favorable position to strengthen our market leadership into the future. Our new financial year has begun strongly. Kudos to our entire team and our four retail brands for their outstanding performance in 2023/24.”