Van de Velde suffers from slump in physical sales - RetailDetail EU

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Van de Velde suffers from slump in physical sales - RetailDetail EU

Belgian lingerie group Van de Velde saw both turnover and profit decrease last year. Sales in independent physical stores suffered particularly hard in the first half of the year, which could not be offset by an online growth. Stark contrast Turnover fell by 2.3 % last year to 206.4 million euros, while net profit decreased by 4.8 % to 32.0 million euros in 2024. Direct sales to consumers increased by 11.3%, mainly thanks to digital channels. Va…