dm-drogerie markt Sees Sales Surpass €10 Billion In 2017
German drugstore chain dm-drogerie markt has posted sales of €10.3 billion in its 2017 fiscal year, which represents an increase of 5.7%, when compared to the previous year.
The group's German business contributed €7.9 billion (+4.8%) to the total figure. Meanwhile, its international operations saw sales increase by 8.6%, to €2.4 billion.
The retailer sells personal-care and health products in Germany and 11 other European countries, and it also offers a selection of the dm-drogerie markt range online in China.
dm-drogerie markt says that it has made significant progress in its digital services in the last year, and it has invested more than €20 million in its IT subsidiary.
The retailer says that card payments are increasing in its stores and now account for around 45% of sales. It has also been testing a self-scanning service in some of its markets, which it now plans to expand further.
Meanwhile, online sales at dm-drogerie markt have grown by more than 80%. Around 1,500 products can now be ordered exclusively online and are available for home delivery or collection from a selected dm market.
In the past financial year, dm-drogerie markt opened and reopened a total of 90 stores. In its home market of Germany, the retailer opened 67 new markets, to reach a total of 1,892.
Next year, the company plans to invest more than €350 million in further refurbishments, store openings, a new headquarters in Karlsruhe, and a new distribution centre in Wustermark.
dm-drogerie markt says that it is likely to double its investments in the coming financial year.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.