Hugo boss turnover grows 8 % | RetailDetail

Hugo boss turnover grows 8 %

Hugo boss turnover grows 8 %

German clothing brand Hugo Boss' turnover has grown 8 % in the second quarter, even though exchange rate fluctuations still have to be calculated. Net profit grew 18 %, to 62.5 million euro.

Growth in every market

Hugo Boss' second quarter turnover reached 558.9 million euro, a 5 % turnover increase after exchange rate fluctuations. European turnover grew 10 %, American turnover 7 %, while Asia 'only' managed a 2 % increase.

 

"Our consistently strong growth in Europe and our upturn in the Americas form the basis of these very solid quarterly results," said Claus-Dietrich Lahrs, CEO and Chairman.. "Despite the persistently difficult environment in some key markets, we will grow even faster in the second half of the year, particularly in terms of earnings. We will expand our presence and brand strength in womenswear so as to secure long-term, profitable growth following on from this year's double-digit sales increases".

Questions or comments? Please feel free to contact the editors


European purchase alliance Agecore puts pressure on Nestlé

16/02/2018

European purchase alliance, Agecore, has threatened to cut 160 Nestlé products from its list unless the Swiss agree to better conditions. Colruyt, Coop and Edeka are members of Agecore.

Kraft Heinz does not meet expectations

16/02/2018

American Kraft Heinz failed to live up to analysts’ fourth quarter expectations, both when it comes to turnover and profit. It did manage a 900 % increase of its profit, but that did not convince any analyst.

Strong second half of 2017 thrusts Danone forward

16/02/2018

Danone published a 2.5 % like-for-like growth for its fiscal year 2017, mainly thanks to a strong second half of the year with a 4.2 % like-for-like turnover increase.

Aldi Nord and Süd will not merge, but collaborate

16/02/2018

Aldi Nord and Aldi Süd confirm they will look into the possibilities of working together closely in regards to its German purchase and marketing division. Both companies however deny a future merger.

Aldi turns gaze towards Italy

16/02/2018

Aldi is ready to conquer the Italian market next month: it will instantly open ten new stores in the Southern European country, alongside its first distribution center near Verona.

Coca-Cola Europe's turnover grows 25 % instantly

16/02/2018

Turnover for Coca-Cola European Partners, the soda manufacturer’s European division, soared above 11 billion euro in 2017. Its profit also spiked compared to the year before.

Back to top