Hugo Boss has performed slightly below expectations in its second quarter: sales were disappointing, especially in the United States.
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Hugo Boss has given Antwerp a first for the Benelux: the German suit chain's renovated store in Belgium's prime shopping city features a 'made to measure' service.
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German fashion brand Hugo Boss managed growth in every region in the first quarter. Group turnover grew 5 % to 650 million euro, partially thanks to strong web shop sales.
In the past fiscal year, German fashion brand Hugo Boss managed a 3 % turnover increase. It says its restructuring paid off and it now wants to speed up its growth in 2018.
German fashion brand Hugo Boss has managed to reach its targets for 2017, partially thanks to strong fourth quarter growth. For its full fiscal year, turnover grew 3 % (excluding exchange rate fluctuations).
German fashion brand Hugo Boss’ third quarter turnover grew 1 % to 711 million euro, mainly thanks to excellent European sales (+ 4 %).
German Hugo Boss will use a digital showroom to display its collections to buyers in the future. The very first of those showrooms recently opened its doors in a Berlin-based pop-up store.
German clothing brand Hugo Boss is finally starting to reap the benefits from its restructuring plan. Sales grew once more in the second quarter, thanks to China, the United State and its own boutiques.
German fashion label Hugo Boss’ turnover grew 1 % in 2017’s first quarter. There was growth virtually everywhere, but it did suffer a sizeable setback in the United States.
German fashion label Hugo Boss' 2016 turnover dropped 2 %, but its net profit plummeted 39 %. Regardless, CEO Mark Langer remains upbeat about the future. A restructuring plan should result in increased profits for 2017 and particulary for 2018.
German fashion brand Hugo Boss' fourth quarter turnover dropped 1 % to 725 million euro. Particularly its American performance suffered, but the company met its own full-year expectatiosn nonetheless.
Fashion label Hugo Boss decided to shut down another 20 stores worldwide after it had announced in March it would close 20 stores in China. Currently, it has 1,325 stores worldwide.
German fashion label Hugo Boss has appointed Mark Langer as its new CEO. He has been with the company for more than a decade and has been the company's financial director since 2010. He will now also take control of the company as a whole.
German fashion label Hugo Boss experienced a weak first quarter: turnover and profit were both lower than expected, leading the company to look for new ways to cut costs.
Hugo Boss will try to turn the page after a disappointing 2015: it will shut down stores in China and lower its expansion budget.
German fashion label Hugo Boss and its 52-year old CEO Claus-Dietrich Lahrs will go their separate ways after 8 years. The company had sent out a profit alert only this past Tuesday.