VRG wants to reduce retail space by approx. 3%

Retail VRG Group anticipates a reduction in net retail space compared to the end of 2019 by approximately 3 percent due to the closure of unprofitable stores. The Group maintains its plan to achieve double-digit sales increases in the online channel and the base scenario for revenues assuming a total of up to 20 percent of lower sales in 2020.

“The ongoing support for the further development of…