German fashion house Hugo Boss expects the impact of the coronavirus pandemic to get worse before it gets better after reporting a 17% fall in first-quarter sales, but added that it was seeing signs of a rebound in China and online. The company reported first-quarter sales of 555 million euros ($605.34 million), ahead of average analyst forecasts for 548 million, while its loss before interest and taxation came in at 14 million, worse than average forecasts for 6 million. Hugo Boss, known for its smart men’s suits, said all of its own retail stores and concessions have reopened …read more
Source:: Yahoo Finance
