Douglas sales plummet 40.2% as Covid-19 creates ‘serious challenges’

Published: 28-May-2020
Finance

The German beauty retailer has revealed the extent of the impact of store closures as a result of the Covid-19 pandemic

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German beauty retailer Douglas has reported a sales decline of 40.2% in March, as enforced store closures took a financial toll.

While sales initially increased by 5.9% in January and February, the official lockdown orders that followed caused

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Douglas prepares to shut 20% of European beauty stores affecting 2,500 jobs

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The 500 axed shopping destinations are mainly in southern Europe and Germany

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