L’Occitane slows in Japan

In the year to March 2018, L’Occitane International posted net sales of €1.3 billion (including 14% of online sales), whilst profit dropped by 27% to €96.5 million due to a lower performance in Japan, its n°1 market driving 17% of the business. Japan’s sales dropped by 8% to €219 million as L’Occitane closed 2 big underperforming stores and aims to recalibrate the Japanese business via limited edition products. The U.S., the group’s n°2 market, posted sales up by 0.6%, while China’s