finance.yahoo.com

Douglas Reviews Stores After Q3 Net Loss and Sluggish Demand in Europe

Douglas Group logoDouglas Group
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Douglas Elliman logoDouglas Elliman
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Douglas Group is reviewing its stores against profitability targets after a net loss of €2.6m in Q3 to June 2026, driven by weak demand in Germany, France and the Netherlands and tougher price competition. Revenue rose slightly but adjusted EBITDA fell 9%. The company plans greater e-commerce focus, pricing and cross-channel service reviews, and selective openings while modernising stores.

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