Home / Knowledge / News / Apparel/Garments / Hugo Boss Group first nine months sales up 2%
Hugo Boss Group first nine months sales up 2%
Nov '13
The HUGO BOSS Group increased sales and earnings in the first nine months of 2013. All regions contributed to the currency-adjusted sales improvement. The Group’s own retail activities posted significant double-digit growth and more than offset the decline in the wholesale business.

For 2013 as a whole, the Company is forecasting a rise in sales after adjustment for currency effects of between 6% and 8%. Operating profit (EBITDA before special items) is expected to grow at a similar rate.

“The results for the first nine months show that HUGO BOSS has systematically addressed the difficult market environment. Our focus on own retail and the high quality presentation of our brands has paid off,” commented Claus-Dietrich Lahrs, CEO of HUGO BOSS AG. “Demand in our own stores picked up noticeably in the third quarter compared to the first half year. We are therefore anticipating strong growth in sales and earnings in the fourth quarter.”

Comp store retail sales up 4% in third quarter

HUGO BOSS Group sales rose by 2% in the third quarter to EUR 658 million (Q3 2012: EUR 646 million). This was negatively influenced by exchange rate effects. Sales growth of 5% was achieved after adjustment for currency effects.

Regionally, Europe displayed the strongest growth momentum. Aided by rising demand in the Group’s own retail activities, sales climbed by 8% in the third quarter after adjustment for currency effects. The sales development in the Americas was stable adjusted for currency effects and was affected mainly by the weaker U.S. wholesale business. Despite the market environment in China remaining tense, the Asia region posted currency-adjusted sales growth of 4%.

Wholesale sales declined by 8% in the third quarter after adjustment for currency effects. In addition to the weak market environment in Europe and the Americas, this development was influenced by takeovers of shop-in-shop units previously operated by wholesale partners, resulting in a shift in sales away from the wholesale business and towards the Group’s own retail business.

Sales in the Group’s own retail activities (including outlets and online business) increased by 23% in local currencies. Comp store growth after adjustment for currency effects accelerated as against previous quarters and amounted to 4%.

Click here to read full results

Hugo Boss

Must ReadView All

Textiles | On 29th Mar 2017

'Increase in demand for organic designer linen'

There has been an increase in the demand for organic designer linen....

Apparel/Garments | On 29th Mar 2017

Jo-Ann launches 'Buy Online, Pick Up in Store' service

Jo-Ann Fabric and Craft Stores, a specialty retailer of crafts and...

Courtesy: Pratibha Syntex

Textiles | On 29th Mar 2017

Pratibha Syntex wins C&A's Best Global Supplier Award

Pratibha Syntex, a leading manufacturer and exporter of knitted...

Interviews View All

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search