BERLIN — Douglas Group posted a 3.7 percent rise in net sales to 3.3 billion euros, or $4.48 billion, for its fiscal year ended Sept. 30, according to preliminary results.
Dollar figures are converted at average exchange for the 12-month period.
The Hagen, Germany-based company, whose activities include Douglas Perfumeries, plus books, jewelry, fashion and confectionery retail businesses, had predicted flat to 2 percent revenues growth for the year. Douglas’ like-for-like sales increased 0.4 percent, with the most gains generated domestically. Group results were positively impacted by developments in the firm’s online books sales activity.
“In the course of the general economic upswing, it appears that — particularly in Germany — the retail trade will finally pick up some tailwind,” stated Henning Kreke, president and chief executive officer of Douglas Holding, Douglas Group’s holding company. “Consequently, we look ahead positively to the upcoming Christmas business.”
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In the past fiscal year, Douglas Perfumeries closed seven domestic doors and shuttered eight outside of Germany. Its 1,205 perfumeries generated net sales of 1.9 million euros, or $2.5 million, up 1.3 percent over the prior year. On a like-for-like basis, revenues decreased 0.7 percent. Sales at Germany’s 445 Douglas Perfumeries increased 2.9 percent to 946.7 million euros, or $1.28 billion. Abroad, Douglas’ 760 doors generated revenues of 931.1 million euros, a 0.3 percent dip.
Douglas Group’s 204-door Christ jewelry store chain had a sales uptick of 6.1 percent to 310 million euros, or $420.7 million. Revenues at the company’s 14 AppelrathCüpper fashion stores dropped 5.3 percent to 124 million euros, or $168.3 million.