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Hugo Boss expects sales growth |
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Wednesday, 27 July 2005 |
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German fashion house Hugo Boss has said it expects home sales to grow by four percent this year, in spite of a weak German market. "Our sales are growing in Germany , despite the underlying negative trend," CEO Bruno Salzer told Bloomberg late last week. He revealed that German sales accounted for 25 per cent of the company's revenue last year. Experiencing a downturn for the fourth consecutive year, the German fashion market reported a two percent drop in the first half of the year. Salzer said that he expected the industry to recover slowly over the coming years.
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