Retailer DOUGLAS sales up 5.7% to 2.42bn EUR

10 Oct '05

4 min read

Outside Germany, the 39 bookshops operated by the Thalia Group in Austria and Switzerland also upped their sales by 8.3 percent to 129 million EUR. Following comprehensive remodeling lasting six months, the Linz branch in Austria reopened at the start of September.

Jewelry: Christ Germany exceeds previous year's sales
Sales in the Jewelry division were 0.7 percent up at 332 million EUR during the period under review. To facilitate comparisons, the previous year's sales at Christ Switzerland – which was divested effective September 30, 2004 – were excluded.

Christ Germany once again produced a particularly satisfying performance. With many competitors in the jewelry and watch segment continuing to lament declining sales, Christ Germany increased its sales by 1.2 percent to 245 million EUR in 2004/2005. As such, Christ further cemented its leading position in the German market for smart jewelry and fashionable watches in the mid- to upper price ranges.

The eight René Kern jewelry stores – which are positioned in the luxury segment – posted a 9.7 percent rise in sales to 43 million EUR.

The DOUGLAS Group subsidiary Gold Meister – which operated in the aggressively-priced jewelry market – was divested with effect at September 6, 2005. Prior to this date, Gold Meister had recorded sales of 44 million EUR during the Group's 2004/2005 financial year.

As planned, the DOUGLAS Group is focusing its efforts on the earnings-oriented expansion of Christ Germany in the medium and high-priced jewelry segment.

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