(Boursier.com) — In the 4th quarter, JAJ Group shows turnover growth of +2.7% to 5.86 million euros. It is characterized by positive winter sales following a particularly difficult winter season.
The 2023-2024 financial year shows a turnover of 28.77 ME, a decrease of -8.8% (i.e. approximately -2.76 ME), compared to the 2022-2023 and 2021-2022 financial years which had been characterized by very strong growth in sales (+63% between 2021 and 2023).
“We suffered from exceptionally hot weather, particularly during the last quarter of 2023,” explains Groupe JAJ. “Added to this is the problem of inflation and a prioritization of household spending, from which the clothing sector particularly suffers.”
Outlook
JAJ Group, however, remains confident in the future with a return to growth planned for the next financial year 2024-2025. The group is also cautious in its growth objectives, taking into account recurring climatic hazards and a tense international geopolitical context, the social situation in France and their economic consequences for our resellers and on the purchasing power of European consumers.
Investments to modernize and adapt the webstores (Schott and Rivieras) to the latest technologies will continue.
JAJ Group has decided to initiate a CSR approach and integrate its principles at the center of its strategy and practices. This strategy will be based on the ISO 26000 standard defined by Afnor, an organization which will support the JAJ Group to ultimately achieve ISO 26000 certification, Engaged CSR Label.
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