Cosmetics, clothing and accessories retailer Douglas Holding AG has succeeded in cementing its position as a leading European lifstyle retailer by posting renewed sales growth during the first half of its 2005/06 financial year.
Dr Henning Kreke, President and CEO, said, "The current trends demonstrate that consumers are increasingly willing to part with their money if they can be sure of good quality, helpful service and an appealing shopping atmosphere. Our lifestyle strategy puts us in a strong position when it comes to competing for customers."
Consolidated sales were up by 9.5 percent to approx. €1.46 billion during the first six months of fiscal 2005/06. Like-for-like, sales were also 1.3 percent higher than a year earlier.
In the second quarter of 2005/06, the Douglas Group posted sales totaling €558 million. This represents an increase of 9.8 percent compared to the previous year's quarter, with the acquisition of the Gondrom bookselling group in Germany also exerting a positive influence. Like for like, sales were up by 0.7 percent.
The sales figures as at the end of April neutralize the impact of the delayed Easter period. Consolidated sales for the first seven months – i.e. for the period October 1st 2005 to April 30th 2006 – reached €1.67 billion, a rise of 10.4 percent over the prior year's figure. Like-for-like sales were 2.0 percent higher than twelve months earlier.
The result from ordinary business activities in the first half of fiscal 2005/06 totaled €108.6 million, following €105.5 million the year before.
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