Showroomprivé: Turnover down nearly 17 percent in first quarter

Credits: Showroomprivé Paris - Online sales group Showroomprivé recorded a year-on-year decline in turnover of 16.5 percent in the first quarter, amid a “persistently lacklustre market”, it announced on Wednesday. Over the first three months of the year, the group's turnover amounted to 127.5 million dollars (of which 99.2 million dollars in France), compared with 152.6 million dollars over the same period in 2024. Some 210,000 customers (down 12 percent year-on-year) placed fewer orders in the first quarter of 2025: 2.3 million, down 23.3 percent year-on-year. According to a press release from the group, this decline was “partially offset by a significant increase in the average basket size (+11.7 percent)”. The chief executive officer (CEO) of Showroomprivé, David Dayan, mentioned a “particularly volatile and uncertain economic context” for flash sales and consumption. He noted the “double effect of the economic situation and the reduced supply” to explain the group's situation. On the supply side, "the core flash sale business" (the private sale of discounted items, in limited quantities and for a limited time, ed.) was impacted by the ongoing transfer of logistics flows to the new site located in the Paris region”, as well as a “reduced offering in the fashion division”, the press release detailed. On the demand side, the “persistently lacklustre market” is weighing on performance. This flash sale player includes three platforms: the generalist Showroomprivé.com, Beauté Privée specialising in beauty, and The Bradery, in fashion. After a start to 2024 that was “less dynamic than expected”, Showroomprivé “has not seen a rebound at the start of the second quarter and visibility remains limited for the full year”, according to the press release. Dayan assures that he is working to “accentuate the work of redesigning the offer while preserving (its) low-price DNA”. Showroomprivé presented a net loss of nearly 40 million dollars for the year 2024 in mid-March, after a net profit of 500,000 dollars in 2023. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com

May 1, 2025 - 10:01

Showroomprivé: Turnover down nearly 17 percent in first quarter

Paris - Online sales group Showroomprivé recorded a year-on-year decline in turnover of 16.5 percent in the first quarter, amid a “persistently lacklustre market”, it announced on Wednesday.

Over the first three months of the year, the group's turnover amounted to 127.5 million dollars (of which 99.2 million dollars in France), compared with 152.6 million dollars over the same period in 2024.

Some 210,000 customers (down 12 percent year-on-year) placed fewer orders in the first quarter of 2025: 2.3 million, down 23.3 percent year-on-year. According to a press release from the group, this decline was “partially offset by a significant increase in the average basket size (+11.7 percent)”.

The chief executive officer (CEO) of Showroomprivé, David Dayan, mentioned a “particularly volatile and uncertain economic context” for flash sales and consumption. He noted the “double effect of the economic situation and the reduced supply” to explain the group's situation.

On the supply side, "the core flash sale business" (the private sale of discounted items, in limited quantities and for a limited time, ed.) was impacted by the ongoing transfer of logistics flows to the new site located in the Paris region”, as well as a “reduced offering in the fashion division”, the press release detailed.

On the demand side, the “persistently lacklustre market” is weighing on performance. This flash sale player includes three platforms: the generalist Showroomprivé.com, Beauté Privée specialising in beauty, and The Bradery, in fashion.

After a start to 2024 that was “less dynamic than expected”, Showroomprivé “has not seen a rebound at the start of the second quarter and visibility remains limited for the full year”, according to the press release.

Dayan assures that he is working to “accentuate the work of redesigning the offer while preserving (its) low-price DNA”. Showroomprivé presented a net loss of nearly 40 million dollars for the year 2024 in mid-March, after a net profit of 500,000 dollars in 2023.

This article was translated to English using an AI tool.