Hugo Boss reports 6% growthThursday, 30 October 2008
German fashion brand Hugo Boss had reasons to celebrate after the company saw sales increase by 6% in the nine months of 2008.
In a statement the company said it achieved the results in the difficult financial climate against the equivalent period last year, when sales increased only 3%.
As a result of the general economic situation characterised by ongoing numerous and unclarified business uncertainties, the Company management adjusted its sales and earnings outlook for fiscal year 2008.
In the context of a considerable decline of retail sales in important regions during the second half of 2008, expected sales growth for the whole of fiscal 2008 will be at the lower end of the previous 6-8% guidance range, slightly below the previous year valueing at approxinately 220 million.