The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
German beauty retailer Douglas said Monday its first quarter sales rose to €1.56 billion ($1.71 billion), up just over 8 percent from the same period a year earlier, preliminary figures show.
E-commerce sales for the period, which covers Oct. to Dec. 2023, increased 10.7 percent, while in-store sales rose 7.1 percent.
Chief executive officer Sander van der Laan said the company is still on track to realise its goal of €5 billion in net sales in 2026 despite the tough economic climate in Europe.
Douglas operates over 1,800 stores across Europe and stocks a mixture of mass, prestige and luxury brands including Kylie Cosmetics, Lancôme and La Mer, as well as buzzy brands such as Naturium and Sol de Janiero, in addition to an in-house line offering skin care, nail care and cosmetics.
ADVERTISEMENT
Learn more:
How Beauty Brands Are Gearing Up for 2024
Beauty brands are readying for another tumultuous year as rising customer acquisition costs and a bearish funding climate hamper growth opportunities.
The Spanish beauty and fashion conglomerate’s smart acquisitions and diverse portfolio could be a big draw for investors. Plus, Adidas is set to confirm its stellar first quarter.
How not to look tired? Make money.
In a rare video this week, the mega-singer responded to sceptics and gave the public a look at what her beauty founder personality might be.
Request your invitation to attend our annual gathering for leaders shaping the global beauty and wellness industry.