BERLIN — Douglas Group net sales rose 1.7 percent to 3.44 billion euros, or $4.47 billion, in its fiscal year ended Sept. 30, according to preliminary results.
The Hagen, Germany-based company, whose activities include Douglas Perfumeries and retailers of confectionery, fashion, jewelry and books, also confirmed it would meet the low end of its previously forecast target for earnings before interest, taxes, depreciation and amortization, amounting to 200 million euros to 250 million euros, or $259.7 million to $324.7 million.
The company reiterated that it would likely not pay a dividend this year due to high expenses for the realignment of its foundering book chain Thalia.
Group sales in Germany rose 2.7 percent to 2.32 billion euros, or $3.01 billion. On a like-for-like basis, they increased 2.3 percent.
International sales fell 0.3 percent (or by 2.1 percent in like-for-like terms), due to the sale of its perfumeries in Russia, which was finalized last year, as well as reticent consumers in some markets. Discounting the sale in Russia, Douglas Group’s revenues abroad rose 1.3 percent.
All dollar figures are calculated at average exchange for the 12-month period.
The company received a boost from online sales, which gained 13 percent and accounted for 7 percent of Douglas' overall business.
Additionally, the group's jewelry chain Christ, which has 210 German stores, posted a 9.6 percent revenues gain to 373 million euros, or $484.4 million, representing the largest sales uptick for any of the group's retail chains. On a like-for-like basis, Christ’s revenues grew 8.5 percent.
Douglas Perfumeries' 1,190 doors registered sales of 1.92 billion euros, or $2.49 billion, up 2.4 percent. Its 446 domestic perfumeries posed a 5.1 percent sales rise to 1.04 billion euros, or $1.35 billion. Abroad, revenues declined 0.5 percent to 883.4 million euros, or $1.15 billion. Performance lagged in Italy, Croatia, Portugal, Spain and Switzerland, while stores in Austria, Poland and Turkey grew their sales.
Douglas's 13-door fashion retailer AppelrathCüpper reported revenues declined 1.9 percent to 122.1 million euros, or $158.43 million. Sales at Thalia, which generated 14 percent of its revenues through its Web site, fell 2.1 percent to 915.1 million euros, or $1.19 billion.
Last month, Douglas Holding, Douglas Group's parent company, confirmed it was in voluntary takeover talks with investors.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews