Beauty Retailer Douglas Closes 31 Stores in Fiscal 2026, More to Come

3-line summary

• Douglas Group closed 31 stores in the first nine months of fiscal 2026, significantly more than the 12 locations shuttered in the same period a year earlier, as it shifts investment toward e-commerce, according to a Yahoo Finance report.
• CEO Sander van der Laan said the company will continue reviewing locations based on profitability and customer traffic, though it has not announced a specific number of additional closures; Germany, France and the Netherlands account for about 60% of Douglas's business.
• The company said premium beauty demand was lower year over year in Germany and the Netherlands and flat in France in the latest quarter, while Central and Eastern Europe performed more strongly.

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