BERLIN — Douglas Group posted a 0.7 percent sales gain to 1.13 billion euros, or $1.67 billion, for the three months ended Dec. 31 versus the same prior-year period.
This story first appeared in the January 14, 2010 issue of WWD. Subscribe Today.
Dollar figures are converted at average exchange rates.
In that quarter, domestic growth for the Hagen, Germany-based company, whose activities include Douglas Perfumeries, plus books, jewelry, fashion and confectionery retail businesses, was 1.6 percent, while its sales elsewhere dipped 0.9 percent.
Revenues generated at Douglas Perfumeries’ 1,220 doors fell 0.8 percent. This was largely due to the 2.6 percent decline in its international business. At home, where Douglas Perfumeries has 452 stores, it registered a 1.1 percent sales uptick.
“Although the impact of the economic crisis is still palpable, we produced a respectable start [to] the new fiscal year and are not dissatisfied with the performance of the first quarter and the holiday season sales as a whole,” stated Henning Kreke, president and chief executive officer of Douglas Holding AG, Douglas Group’s parent company.
Douglas also reported its net income for the fiscal year ended Sept. 30 was down 35.3 percent to 62.8 million euros, or $84.8 million. The company’s net sales rose 2.3 percent to 3.2 billion euros, or $4.32 billion, in the period.
Douglas Holding stock closed down 0.45 percent Wednesday to 33.20 euros, or $48.13 at current exchange.