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.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast