Douglas reports satisfactory interim figures for 2011/12 fis

Douglas Group has announced relatively healthy interim figures for the 2011/12 fiscal year, with its net sales revenue rising 1.7% to €3.44bn and online sales increasing by approximately 13%.

In Germany, sales revenues of the Group rose by 2.7 % compared to the previous year to approximately €2.3bn, however foreign sales fell 0.3% compared to the previous year to €1.1bn due to the sale of its perfumeries in Russia and the continuing restraint of consumers in some markets.

Dr Henning Kreke, president and ceo of the executive board of Douglas Holding, said: “This means that we have again achieved our sales target. Against the backdrop of continuing declining sales in our Thalia bookstores, a trend that is specific to this industry and in some foreign markets, we are reasonably satisfied with this development. We are extremely satisfied with the sales trend in our Christ jewellery stores and our Douglas perfumeries in our home market of Germany and our online sales have again performed outstandingly.”