Douglas Earnings Dip
BERLIN — In the third quarter ended June 30, Douglas Perfumeries saw earnings before interest, taxes, depreciation and amortization slip 5.5 percent, whereas sales rose 1.9 percent.
EBITDA reached 30.8 million euros, or $38.5 million at average exchange, down from 32.6 million euros, or $40.7 million, the year previously. For the first nine months of the fiscal year, however, EBITDA rose 0.9 percent to 127.8 million euros, or $156.5 million.
Sales for Douglas’ 822 perfumery doors hit 308 million euros, or $384.9 million, in the quarter. Every second Douglas perfumery is now located outside of Germany.
Domestic sales for the quarter were down 1 percent to 178 million euros, or $222.4 million, whereas sales outside of Germany rose 6 percent to 130 million euros, or $162.4 million. On a same-store basis, domestic sales were down 0.9 percent, with sales outside of Germany up 0.9 percent.
Douglas already has opened 35 new perfumeries in the current fiscal year, and plans to open a total of 50.
The retailer’s takeover of 115 Elytis Perfumeries in France has considerably strengthened Douglas’ presence there. In Italy, the number of Douglas stores will soon hit 100. Douglas’ first store opening in Slovakia took place in April, bringing the number of Douglas markets to 17.
The Douglas Group, which comprises perfumery, book, jewelry, apparel and confiserie retail operations, slightly revised its sales forecast. On the basis of the existing portfolio, Douglas now expects to “lightly exceed” its projected sales gain of 4 to 6 percent.
The earnings projection remains unchanged, with profits from ordinary business activities expected to hit 114 million to 116 million euros, or $140.1 million to $142.6 million at current exchange rates.
— Melissa Drier
Mercier to Unveil Holiday Sets
NEW YORK — In October, Laura Mercier will introduce six limited-edition bath and body holiday gift sets, featuring scents such as Crème Brûlée and Tarte au Citron and Clementine and Lavender Basil. There also will be a “patisserie” set of Sugar Cookie, Orange Chocolat and Cinnamon Spice fragrances. Retailers including Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, Henri Bendel and Nordstrom are slated to carry the items.
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The products also will roll out internationally to Harrods and Space NK in London, to Joyce in Hong Kong and to Holt Renfrew in Canada. The sets range in price from $35 to $65 and feature 6-oz. body creams, honey baths and candles. Also in the mix are body butter duos and patisserie candle trios — packaged in candle tins accompanied by a red travel tote.