1008 GMT - Douglas is a top player in the premium beauty industry, with leadership both in stores and online, UBS analysts say in a note to clients. The German cosmetics and beauty retailer seems to have a differentiated proposition, which allows it to outperform the sector, the analysts say. Douglas has a large assortment at premium price points, a bigger store network than that of its peers and a strong online presence, they add. The company also benefits from rising consumer interest and a growing beauty industry, they say. UBS initiates coverage of Douglas with a buy rating. Shares are up 5.5% at EUR22.24. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
April 29, 2024 06:08 ET (10:08 GMT)
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