BERLIN German fashion house Hugo Boss said on Tuesday it had returned to strong growth in China in June and online sales jumped 74% in the second quarter even as it reported an overall 59% fall in sales for the period on Tuesday due to lockdowns.
The company known for its smart men’s suits reported quarterly revenue of 275 million euros ($323.51 million) and an operating loss of 124 million euros, compared to average analyst forecasts for 288 million and a loss of 133 million respectively.
Hugo Boss said it expects a gradual improvement for the second half of 2020, but declined to provide a full-year forecast due to market uncertainty.
($1 = 0.8501 euros)
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