In the statement made by Douglas, it was stated that the company’s sales decreased by only 6.4 percent to 3.2 billion euros in the 2019-2020 fiscal year despite Kovid-19 restrictions.
In the statement, which emphasized that the company’s e-commerce sales rose above 1 billion euros for the first time in 2020, it was stated that this caused the company’s sales to not drop much in the Kovid-19 crisis.
In the statement, it was emphasized that the restrictions that lasted for months in the Kovid-19 epidemic accelerated the general trend for online shopping, therefore it was noted that the closure of 500 of the company’s 2,400 stores in Europe will be completed by autumn 2022
Meanwhile, Douglas’ earnings before interest, depreciation, tax (EBITDA) also fell 16.7 percent in the 2019-2020 fiscal year to 292 million euros.
Volkswagen lost the summit in the pandemic!