Beauty Retailer Douglas Puts Stores 'Under Review' After Q3 Loss

3-line summary

• Douglas Group reported a Q3 net loss of €2.6 million, versus a €17.3 million profit a year earlier, as revenue fell 2% to €987.8 million on weak demand in Germany, France and the Netherlands, according to a Yahoo Finance report.
• CEO Sander van der Laan said the company will review stores against profitability targets and place greater emphasis on e-commerce, while confirming full-year guidance of 0-1% net sales growth and a 15% adjusted EBITDA margin.

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