Hugo Boss returned to growth in China in June

35Views

August 4, 2020

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.

Reuters

Last Updated: August 4, 2020, 11:42 AM IST

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.

Also Watch

Sushant Death Probe: SSR’s Family Lawyer Requests Bihar Govt For CBI Probe | CNN Newws18

($1 = 0.8501 euros)

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Array
(
[videos] => Array
(
[0] => Array
(
[id] => 5f28fc3159a51412a2775388
[youtube_id] => vFPUCUfq7uk
Hugo Boss returned to growth in China in June => Sushant Death Probe: SSR’s Family Lawyer Requests Bihar Govt For CBI Probe | CNN Newws18
)

[1] => Array
(
[id] => 5f28fa15db1d45129a344524
[youtube_id] => AOm-vC6IhNE
Hugo Boss returned to growth in China in June => Heavy Rains In Mumbai Lead To Severe Water Logging In Dadar & Prabhadevi, Train Services Disrupted
)

)

[query] => https://pubstack.nw18.com/pubsync/v1/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2,5d95e6c278c2f2492e214884,5d96f74de3f5f312274ca307&categories=5d95e6d7340a9e4981b2e10a&publish_min=2020-08-01T11:42:08.000Z&publish_max=2020-08-04T11:42:08.000Z&sort_by=date-relevance&order_by=0&limit=2
)

Some Google Home Smart Speakers Got A Firmware Update By Mistake And Became Super Alert

Hugo Boss returned to growth in China in June

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.

Also Watch

Speak Your Mind

LEAVE A REPLY Cancel reply

Get in Touch

Recommend for You

Oh hi there It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

You might also like

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

About Us

Follow Us

Support Us & Be a Patreon

Add QNewsHub to your Homescreen!

Oh hi there
It’s nice to meet you.