Home / Knowledge / News / Fashion / Douglas net sales rise by 5.6%
Douglas net sales rise by 5.6%
Feb '08
During the first quarter of its 2007/08 financial year (October 1 – December 31, 2007), net sales in the DOUGLAS Group rose by 5.6 percent to about 1.1 billion EUR. Adjusted for the previous year's sales from René Kern and Pohland – both of which have since been divested – sales were 9.3 percent higher.

This gain is partly due to the continued dynamic expansion of the store network, which now comprises 1,873 locations. Like-for-like sales – which only reflect those locations operating during the current and previous years' quarters – were 1.6 percent higher than in the previous year.

The foreign subsidiaries made a very strong contribution to this solid performance with a sales gain of 15.0 percent, primarily thanks to the powerful international growth of the Douglas perfumeries abroad and the Thalia bookstores in Austria. Like for like, the increase outside Germany was 6.6 percent. Sales inside Germany were 1.4 percent higher, producing a marginal decline in like-for-like sales of 0.8 percent. In the previous year's quarter, German consumer spending had been artificially high due to an impending increase in sales tax.

At the end of January, Germany's Federal Office of Statistics reported that domestic retail sales during December 2007 had been lower than in December 2006 – by 4.9 percent in nominal terms and 6.9 percent in real terms. In this context, the DOUGLAS Group once again performed above the market average.

"All in all, we are notdissatisfied with our progress in the holiday season. We may have fallen just short of the good like-for-like sales from the previous year in Germany, but we more than held our own against the competition and further advanced our foreign expansion program," said Dr. Henning Kreke, President and CEO.

Given the rapid pace of expansion, the number of personnel in the Group also continued to rise. As of December 31, 2007, the DOUGLAS Group had 24,000 employees on its books. This is 3.2 percent more than at the balance sheet date of September 30, 2007.

Earnings before taxes (EBT) totaled 140.2 million EUR in the first quarter following 139.7 million EUR a year earlier. Adjusted for the contributions to earnings during the previous year's quarter from René Kern and Pohland, both of which have since been divested, EBT was 3.7 million EUR higher.

Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Amrit Sethia, SOIE

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search