Germany's Douglas closing 50 shops abroad -paper

FRANKFURT Sun May 9, 2010 9:22am EDT

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FRANKFURT May 9 (Reuters) - German perfumes-to-books retailer Douglas DOHG.DE is shutting overseas shops and pulling out of some countries including Denmark, amid weak consumer demand, its Chief Executive Henning Kreke told a Sunday newspaper.

"We are closing 50 stores in total and are retreating from some countries such as Denmark, the CEO told Frankfurter Allgemeine Sonntagszeitung.

The economic crisis had hit its business in Spain, Portugal, Hungary and the Baltic countries particularly hard.

Douglas would, however, stay in Spain, seeing strong underlying demand for beauty products there, he added.

Kreke said business in Poland, Italy and the Netherlands was good.

(Reporting by Ludwig Burger; Editing by Erica Billingham)

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