January 21, 2020 / 6:53 AM / a month ago

Hugo Boss posts better-than-expected sales after store revamps

BERLIN, Jan 21 (Reuters) - German fashion house Hugo Boss on Tuesday reported better-than-expected fourth-quarter sales growth, boosted by strong demand at its renovated stores and fast growing online retail business.

Fourth quarter sales were up 4% to 825 million euros ($915.34 million), adjusted for currency changes, beating average analysts’ forecast of 805 million euros.

$1 = 0.9013 euros Reporting by Riham Alkousaa, editing by Emma Thomasson

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