Home / Knowledge / News / Fashion / Asian market deterioration weighs on Hugo Boss Q3 sales
Asian market deterioration weighs on Hugo Boss Q3 sales
Oct '15
Deterioration of market environment in Asia and slowdown in the Americas has weighed on sales and earnings performance of fashion and luxury products marketer Hugo Boss in the third quarter ended September 30, 2015.

In its interim results, Hugo Boss said third quarter of 2015 sales declined 1 per cent excluding currency effects, but in euro terms, they increased 4 per cent from a year ago period to €744 million.

However, comparable store sales in company owned retail stores remained stable year-on-year in local currencies.

According to Hugo Boss, due to particularly challenging sales trends, EBITDA before special items dropped 8 per cent year on year to €168 million in the third quarter of 2015.

In addition, the Group's financial result was impacted by a negative charge of around €16 million related to adverse exchange rate movements of the Brazilian Real and the Swiss Franc in particular.

The company further added that while performance in Europe remained strong and in line with original expectations, momentum in Asia and the Americas deteriorated considerably during the reporting quarter.

“This was due to sales declines in China as well as a negative development in the Group's US own-retail and wholesale businesses and weaker demand from tourists contributed to the slowdown in the US,” it explained.

In light of weaker than expected trading in the third quarter, Hugo Boss has now forecast sales to increase between 3 and 5 per cent on a currency-adjusted basis in full year 2015.

Growth of EBITDA before special items is projected to range between 3 and 5 per cent, on the assumption that fourth quarter retail comparable store sales will remain stable as against prior year fourth quarter. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Marcel Alberts

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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

October 2016

October 2016

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


Browse Our Archives


Advanced Search