86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
Published
Nov 8, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Cosmetics chain Rituals records a €544 million turnover in 2017, focuses on further expansion

Published
Nov 8, 2018

Dutch cosmetics retailer Rituals recorded a turnover of €544 million in 2017, a 36% increase compared to the year before. Net profit increased by 24.6% from €43.9 million in 2016 to €54.7 million in 2017.


Rituals range - Photo: Facebook


Following the positive results, the cosmetics retailer wants to focus on its plans to further expand. In May 2018, Rituals announced plans to enter the Asian market. In addition to Europe, the chain is already available in the US, where it operates 15 stores, and in the Middle East, where it has 12 shops.

Within the next 10-20 years the retailer aims to be a globally operational brand. Raymond Cloosterman, founder and CEO at Rituals, told financial news website RTL Z: “In Europe everything is on the move. Now we are entering the difficult phase, to land and break through in other continents.”

At the moment, however, the company still records its largest sales and growth numbers in Europe. In 2017, Rituals earned a turnover of €239 million in the Benelux region; €272 million came in from other European countries; and €33 million was earned outside of Europe. Cloosterman told RTL Z that he expects a turnover exceeding €600 million at the end of 2018.

In addition to further expanding abroad, Rituals will also focus on additional stores in existing markets as well as shop-in-shops, online sales and travel retail. An example of the latter launched in October, when the cosmetics retailer created an in-flight collection for KLM Royal Dutch Airlines. With the KLM partnership, Rituals followed in the footsteps of other Dutch designers and brands, including fashion house Viktor & Rolf, couturier Mart Visser and designer Marcel Waanders.

Rituals launched in 2000, today the Amsterdam-based cosmetics retailer has more than 650 stores in 25 countries. At the end of this year, the brand aims to hit the 750th store mark. Rituals operates brand stores, shop-in-shops and is available at airports and hotels.

Copyright © 2024 FashionNetwork.com All rights reserved.