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Fashion Division sales up 39.5% says Douglas

Aug '05
Europe's leading retail companies Douglas Holding AG reported the interim report 9M 2004/2005 (10/01/04 – 06/30/05).

After the first nine months of the 2004/2005 financial year (10/01/04 - 06/30/05), the DOUGLAS Group remains on track for further success and has cemented its leading position as a lifestyle organization in the European retail segment.

Consolidated sales rose by 5.0 percent to approximately 1.86 billion EUR during the period under review. Based on the current investment portfolio – i.e. adjusted for Christ Switzerland – this constitutes an increase of 7.8 percent. Like-for-like sales in the DOUGLAS Group were also 1.5 percent higher than in the previous year's period

"This more than respectable performance demonstrates that we are on the right track with our service- and value-oriented strategy. The Douglas perfumeries throughout Europe and Thalia bookshops in the German-speaking countries have posted the Group's most dynamic growth,” comments Dr. Henning Kreke, President and CEO at DOUGLAS HOLDING AG.

During the third quarter of 2004/2005 (04/01/05 - 06/30/05), the DOUGLAS Group posted net sales of 526 million EUR. This represents a rise of 3.4 percent over the previous year's quarter, and an increase of 6.2 percent based on the current investment portfolio. As expected, like-for-like sales dipped slightly, by -0.8 percent. This was due to this year's Easter sales period ending two weeks earlier than in the previous year,and falling completely within March – and therefore in the second quarter.

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