Home / Knowledge / News / Fashion / Hugo Boss sales increase 4% in Q4 FY19

Hugo Boss sales increase 4% in Q4 FY19

23
Jan '20
Pic: Hugo Boss
Pic: Hugo Boss
Germany-based fashion company Hugo Boss has achieved strong sales growth in Q4 FY19. Group sales increased 4 per cent on a preliminary basis, adjusted currency rates. In the reporting currency, this represents an increase of 5 per cent to €825 million compared to €783 last year. The sales accelerated in Europe while remained challenging in Hong Kong. 
 
The sales in Great Britain and France grew by 8 per cent while in Germany, an increase in sales in the own retail business did not fully compensate for a persistently difficult wholesale business. In the Asia-Pacific region, sales rose 4 per cent in the Q4 mainly due to the ongoing strong sales momentum in mainland China, where the group once again achieved significant double-digit growth. 
 
Contradictory, the environment in Hong Kong, remained difficult in the Q4. The persistently challenging market environment continued to weigh on sales performance in the US and Canada. Overall sales in the US decreased 7 per cent in the final quarter, Hugo Boss said in its analysis of results for the quarter.  
 
In total, currency-adjusted sales in the own retail business increased 7 per cent in Q4. The intensification of online partnerships in the concession model over the course of the year and the completed renovations of strategically important Boss stores carried out in the prior quarters made a disproportionately high contribution to growth in the own retail business. Supported by the strategic expansion of the online concession model, own online sales growth accelerated to 52 per cent in Q4, adjusted for currency effects, the company said. 
 
Currency-adjusted sales in the wholesale business decreased 4 per cent. The market environment in Germany and the US remained challenging. 
 
Hugo Boss is one of the leading companies in the premium segment of the global apparel market. From collections to service. The Boss and Hugo mens' and womenswear not only cover businesswear, casual outfits and athleisurewear, but also elegant eveningwear for special occasions.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 10th Apr 2021

Turkey's exports to UK surge in Q1 following post-Brexit FTA

Turkish exporters have seen a noteworthy surge in exports to the...

Pic: Sunshine Seeds / Shutterstock.com

Textiles | On 10th Apr 2021

South African woven cotton textile sector workers get 5.5% rise

Those working in the woven cotton textile sub-sector in South Africa...

Pic: Shutterstock

E-commerce | On 10th Apr 2021

H&M launches on e-commerce platform Zalora in southeast Asia

H&M has joined hands with Zalora and has launched on the e-commerce...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Virtual reality would be the new normal

Textile Industry, Head honchos

Textile Industry
Head honchos

Social media critical in regeneration of businesses

Textile Industry, Head honchos

Textile Industry
Head honchos

Value of 'Made in India' should get more importance

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor <g...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


March 2021

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


Advanced Search