GERMANY: Retail surge boosts Hugo Boss H1
Author: just-style.com | 29 July 2010
- H1 revenues down 2% to EUR769m
- Net income up 31% to EUR63m
- Strong growth in own retail
A 25% surge in own retail revenues helped German fashion house Hugo Boss to post a 31% rise in profit in the first half of 2010.
Although first half sales fell 2% to EUR769m, the company staged a recovery in the second quarter, when sales rose 7% to EUR325m.
A 9% decline in European revenues was offset by double-digit sales rises in the Americas and Asia-Pacific.
“Hugo Boss has used the last two years, characterised by the global economic crisis, to take a good look at its business model and to optimise it,” said Claus-Dietrich Lahrs, company chairman and CEO.
“The fact that we have defined the right areas of growth is shown by the welcoming figures from our retail division and our double-digit growth in sales on the Americas and in Asia.”
Click here to view the company's full first half results.
Sectors: Apparel, Finance, Retail
Companies: Hugo Boss
View next/previous articles
29 Jul 2010 -
29 Jul 2010 -
Currently reading -
GERMANY: Retail surge boosts Hugo Boss H1
29 Jul 2010 -
29 Jul 2010 -
Related research
Hugo Boss AG (BOS3) - Financial and Strategic Analysis Review
Hugo Boss AG (Hugo) is one of the leading companies in the world fashion markets. The company principally engages in the manufacturing of clothes for men and women. It also offers fragrances, cosmetics, watches, and eyewear through licensed agreement...
Apparel, Accessories & Luxury Goods in Germany
Datamonitor's Apparel, Accessories & Luxury Goods in Germany industry profile is an essential resource for top-level data and analysis covering the Apparel, Accessories & Luxury Goods industry. It includes data on market size and segmentation, plus t...
Datamonitor's Menswear in Italy industry profile is an essential resource for top-level data and analysis covering the Menswear industry. It includes data on market size and segmentation, plus textual and graphical analysis of the key trends and comp...
Related articles
There are currently no comments on this article
Be the first to comment on this article