BERLIN — Sales at the Douglas Perfumeries chain rose 4.9 percent in the third quarter of 2002 to reach $268 million and 4.2 percent to $797 million for the nine-month period. Earnings before interest, taxes, depreciation and amortization...
BERLIN — Sales at the Douglas Perfumeries chain rose 4.9 percent in the third quarter of 2002 to reach $268 million and 4.2 percent to $797 million for the nine-month period. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 10.5 percent in the quarter to $25.2 million and 2.9 percent to $74.5 million for the nine months. All dollar figures are calculated from the euro at current exchange rates.
In Germany, Douglas’s 425 branches generated sales of $514 million for the nine months, a rise of 8 percent. However, on a same-store basis, Douglas’s German sales were down 1 percent.
The remaining 283 Douglas doors boosted sales of 11 percent (up 3.3 percent on a same-store basis) for the period. The beauty chain said business in Italy, France and Switzerland had developed well, and noted the openings of the fourth Douglas door in Poland and the third in Hungary. In October, Douglas took over four perfumeries in Monaco, and for the year as a whole, will have opened 29 new stores.
The Douglas Group did not make year- end projections for the perfumery division. However, the board of directors said group sales for 2002 should grow between 2 to 4 percent "given a good Christmas season."
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
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