The bestseller grew 5% last year, but reduced profits

Betseller is closing out the year in two gears. The Danish fashion distribution giant ended the year (ending July) with a slight increase in salesBut with its pre-tax profits declining, the company itself said in a statement.

specific, The company increased its sales volume by 5% compared to 2022Although he did not provide the exact number. In the last financial year, the company had sales of DKK 35,248 million (EUR 4,738 million).

The company’s pre-tax profits fell by 19% during this period to DKK 4.9 billion. (657 million euros) in line with expectations. “We are far from immune to turbulent times, but I am glad that I was able to offset the increasing costs we faced,” explained Anders Holsch, the company’s CEO.

Bestsellers ended the year with lower sales in the online channel

The Danish company highlighted rising sales in the physical channelWhich recovered after previous years characterized by the pandemic. However, the online “best seller” channel has reduced its sales volume for the first time.

at the moment, The company’s commercial network amounts to more than 2,000 of its own stores around the world and more than 60,000 points of sale spread in 70 countries.. The company maintains its independent business in China, where it has 6,000 stores of its own.

By 2024, the company plans to increase the commercial network of the majority of chains it works with. To achieve this, Bestseller has started work on a new distribution center in the Netherlands, although it has not announced when it will be operational.

Best sellers, which operate under the brands Jack&Jones, Junarose, Jacqueline De Yong, Mamalicious, Name It, Noisy May, Object Collectors Item, Only, Only & Sons, Pieces, Selected, Vero Moda, Vila Cloths and YAS, The number of its employees is 17 thousand employees.

In the last years, The bestseller has reduced greenhouse gas emissions and begun working to reduce Scope 3 emissions. Among the group’s new initiatives is the launch of a solar park in Northern Europe or an agreement with the shipping company Maersk based on the use of more environmentally friendly fuel.