Popular now
Marks Electrical FY revenues drop 7.5%

Marks Electrical FY revenues drop 7.5%

Retail employment falls to its lowest level on record

Retail employment falls to its lowest level on record

Retail News

Hot weather helps retail sales jump 1.2% in May

Rituals breaks €2bn revenue barrier

Rituals breaks €2bn revenue barrier

On this episode of Talking Shop, we are joined by Nikki Baird, Vice President of Strategy and Product at Aptos. Nikki has spent decades separating technology hype from real-world consumer behavior. Today, we delve into the emergence of the "dark funnel" and how LLMs like ChatGPT are disrupting traditional retail search pipelines, breaking retail media networks, and forcing retailers to their re-evaluate product landing page.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Rituals has announced that it posted revenues of €2.1bn (£1.78bn) in 2024 driven by an organic growth of 21% across all sales channels and countries.

Alongside this, the company opened 241 stores across the world, an average of 5 stores per week.

Key highlights include the opening of its first store in Japan, alongside new locations in Malaysia, Singapore, Thailand, and mainland China.

The company also plans to open another 243 stores worldwide focussing on keeping momentum in Europe while expanding the brand in Asia.

Alongside this the company was recertified for the prestigious B Corp certification and also launched its 10% profit pledge.

Profit pledge is an initiative that officially launches this year in which Rituals will commit 10% of its net profit of the previous year to support the wellbeing of people and planet.

As part of this the company has announced three new partners; War Child, Blue Marine Foundation and National Geographic Pristine Seas.

Previous Post
THG hits FY expectations despite Q4 sales decline

THG hits FY expectations despite Q4 sales decline

Next Post
Primark lowers FY guidance amid weak UK autumn trading

Primark lowers FY guidance amid weak UK autumn trading