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Douglas credits boost from e-commerce and reopened brick-and-mortar stores.
December 22, 2021
By: TOM BRANNA
Editor
Helped by digitalization, beauty sales are returning to normal in Europe. Douglas, the leading premium beauty retailer in Europe, said fiscal fourth quarter sales rose 3.4% to nearly $850 million. The company credited e-commerce sales and reopened brick-and-mortar stores. Online sales rose 16.7% to $238 million (211 million euros). While the group’s in-store revenues declined 0.9% in reported terms, they advanced 3.7% on a comparable basis. “Thanks to our consistent digitalization strategy #F...
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