L’Occitane Worldwide S.A., the father or mother firm for direct promoting magnificence model LimeLife, introduced its monetary outcomes for the fiscal yr ending March 31, 2022. L’Occitane as a bunch reported a 15.8% gross sales soar for all of its subsidiaries, reaching $1.79 billion in the course of the yr. LimeLife, nevertheless, reported a 31.3% decline in gross sales, totaling $71.27 million, a lower from the $102.97 million in gross sales reported the earlier yr.
The earlier fiscal yr’s success and excessive base contributed to LimeLife’s problem by comparability, because it was the group’s quickest rising model in fiscal yr 2021. LimeLife additionally cited challenges recruiting and retaining distributors within the U.S. because the financial system stabilized and employment circumstances improved.
On-line gross sales account for 33.1% of total gross sales for the L’Occitane group, and the board of administrators of L’Occitane Worldwide S.A. acknowledged that digitally-centric model LimeLife is a vital a part of the group’s omnichannel technique.
