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Lifestyle retailer Douglas Holding's fashion division performs well

23
Mar '06
Leading European retailer DOUGLAS HOLDING AG President and CEO Dr Henning Kreke stated that the current business developments inspired by a positive Christmas season, the DOUGLAS Group posted sales of 1.3 billion EUR during the first five months of its 2005/06 financial year, a 10.6 percent rise over the previous year's period. Like-for-like sales also rose by 2.1 percent.

Henning Kreke: "Given this more than presentable performance, we are reaffirming the forecast – issued at our balance sheet press conference in January – that sales in fiscal 2005/06 will increase 6 to 8 percent over the previous year. We further anticipate that our result from ordinary business activities will rise to between 125 and 127 million EUR."

The Group's individual divisions performed as follows during the first five months. The Douglas perfumeries succeeded in increasing their sales by 13.5 percent at the end of February.

In this context, it is important to note that sales at the newly-acquired perfumeries in France have only been included since July, while Douglas Spain and Douglas Portugal were not fully consolidated until the first quarter of this financial year. Sales at the Thalia bookstores were up 14.5 percent, also as a result of further acquisitions, while Jewelry division sales improved by 3.9 percent.

The Fashion division (Appelrath-Cüpper / Pohland) posted a 24.3 percent sales increase, a figure reflecting the inclusion of two new Appelrath-Cüpper stores and the initial consolidation of Pohland for the October-December 2005 period. The Hussel confectionery shops reported sales up 7.8 percent.


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