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Hugo Boss shares drop the most in five months

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Hugo Boss has limited distribution in the US to the likes of Bloomingdale's Inc and Nordstrom Inc after discounting in the wholesale market there led to a loss of pricing power.

Berlin

HUGO Boss AG shares fell the most in five months as weakness in the US kept the German clothier's sales revival in check.

US sales declined 7 per cent, the company said on Wednesday, after it stopped selling goods to outlet stores that carry different brands at discounts.

sentifi.com

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