Dr Henning Kreke, President and CEO of Douglas Holding AG, said, "As a result of acquisitions and the openings of over 70 new stores, sales have risen sharply during the year's first seven months. However, given the startup costs this entails, the new venues have yet to become profitable. Our forecast for the result from ordinary business activities is based on our like-for-like sales. And in this respect we are right on course to achieve our target."
Douglas Holding AG - The Group's principal activity is the maintenance of retail stores. The stores provide comprehensive product ranges covering health and beauty, jewelry and watches, books, fashion and confectionery.
The Group's activities are carried out through six divisions: Perfumeries, Jewelry, Books, Fashion, Confectionery and Services. It has operation in Europe and the United States of America.
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