Showroomprivé revenues increase by 4.6 per cent | Retail News France

The ShowroomPrivé group, the French e-commerce company, has reported that in Q3 it recorded a 9.6 per cent rise in sales volume, and a 6.2 per cent increase in revenue.

The group’s revenue increased by 4.6 per cent to € 471 million in the first nine months of the year, while its sales volume increased by 8.7 per cent to € 705.8 million. The Bradery, a recently purchased fashion e-tailer, reported an 84 per cent increase in revenue during that time.

The group’s primary market, France, experienced negative effects from both consumer choice and inflation in Q3. The nation’s sales decreased by 5.9 per cent to € 109.5 million.

The outstanding results of the travel & leisure division (up by 28 per cent), the group’s marketplace business (up by 112 per cent), and the SRP Media brand services division (up by 28 per cent) more than made up for this decline, which instead increased by 6.2 per cent to € 28 million.

“At the end of the first nine months of fiscal 2023, Showroomprivé has confirmed its business model’s strong resilience, in a context where consumption is still impacted by various exogenous shocks,” said David Dayan, CEO of the ShowroomPrivé group.

In the first nine months of 2023, 12.4 million customers made at least one purchase on ShowroomPrivé without using Beauté Privée or The Bradery, an increase of 6.1 per cent annually. Customers placed 7.5 million orders within the same time period, a 4.7 per cent decrease, with an average order value of € 172.4. In the time period, customers placed 3.2 orders on average (down 3.8 per cent), with an average basket of € 54 (up 4.2 per cent).

For the year’s last quarter, the group is anticipating that “the [business] environment will remain tough,” and will seek to obviate this by keeping a close eye on inventory levels and prices.