THE WHAT? Douglas has introduced that it’s decreasing its gross sales forecast for the 2024/25 monetary yr. The German pharmacy chain now expects gross sales of €4.5 billion (down from the earlier €4.7-4.8 billion) and internet earnings of €175 – a far cry from the earlier steering of €225-265 million.
THE DETAILS Sander van der Laan, CEO of the DOUGLAS Group, stated the corporate has already embarked upon a number of countermeasures to drive gross sales and stabilize gross margin.
“These are difficult instances and we already took putting choices,” stated van der Laan. “We transfer each lever in our enterprise to safeguard our gross sales and earnings – in addition to our staff and shareholders.
“We do that very persistently and with highest precedence: with focused investments in development and with in depth value financial savings. We’re assured that we’ll overcome these challenges and that the premium magnificence market will recuperate when the worldwide financial state of affairs improves.”
THE WHY? Douglas stated that adjustment was the results of the rising impression of world macro-economic and political uncertainties on the premium magnificence sector, characterised by a slowdown in European gross sales – particularly in Germany and France the place the retailer is experiencing decrease visitors in retailer and on-line.
