Damartex Posts 8% Q1 Revenue Decline to €98.6 Million as Fashion Sales Slip

Damartex Group reported first-quarter FY27 revenue of €98.6 million, down 8.0 per cent year on year, as hot weather and weak consumer confidence delayed seasonal purchases. The French apparel group did not disclose profit, margin or earnings figures in its first-quarter update, according to B2B Marketplace.

Damartex Q1 Sales Slip Across Divisions

Revenue declined 8.3 per cent at constant currency in the first quarter of fiscal 2026/27. Damartex said it stepped up disciplined management to preserve profitability during a particularly difficult September for clothing and wider consumer spending. The group pointed to unusually hot summer weather, weak consumer confidence, renewed inflation concerns and persistent geopolitical uncertainty across Europe.

Fashion division revenue decreased 7.7 per cent on a reported basis, or 7.9 per cent at constant currency, to €74.4 million. Damart sales declined 8.4 per cent on a reported basis as customers postponed purchases of its key autumn-winter collection, though the brand's store network remained resilient. Damart entered supermarkets for the first time from October with a range developed specifically for that channel, and is expanding in France and Belgium's tender market with technical textile ranges for professions including public security and defence, Damartex said in a press release.

Xandres generated revenue of €11.0 million, down 3.4 per cent, with its premium positioning providing relative resilience and in-store sales showing positive momentum. The brand plans to continue expanding in the Netherlands and Germany in the coming quarters.

Home & Lifestyle revenue fell 11.1 per cent on a reported basis, or 11.5 per cent at constant currency, to €17.2 million. Coopers of Stortford sales declined 12.6 per cent, while 3Pagen revenue fell 9.9 per cent as pressure on household purchasing power continued to weigh on spending. Santéol sales decreased 3.4 per cent as heatwaves led some patients to reduce treatment time, lowering compliance and billing, while Almadia sales fell 5.2 per cent during the quarter, although its September revenue was stable year on year.

Damartex Portfolio Review and Asset Sales

Damartex is a publicly-listed French multi-brand retail group serving the 55+ "Silver Economy," offering fashion, home & lifestyle products and home healthcare services across 9 European countries via catalog, e-commerce and 151 stores, according to akta.pro company records. The group reported FY 2025/2026 revenue of €503.5 million, down 3.4 per cent year on year, and FY 2024/2025 revenue of €521.2 million.

In June 2026, Damartex sold an approximately 32,000 m² logistics complex in Villeneuve-d'Ascq, France, to an undisclosed French investor as part of capital and asset reconfiguration, the same records show. In May 2026, Anne-Sylvie Hubert was appointed Présidente du Directoire (CEO) while retaining CFO duties, and Filiep Blontrock was named Directeur Général du Directoire, with a mandate to conduct a strategic review of the group's brand portfolio to improve coherence and reprioritize investment.

Damartex Roadmap and Brand Expansion

Damartex is pursuing tighter operational control through its Drive to perform, Care to transform 2030 roadmap, which seeks to improve portfolio coherence, strengthen the balance sheet and direct investment towards higher-value activities. Xandres plans to continue expanding in the Netherlands and Germany in the coming quarters.