Hugo Boss shares rise on wholesale, retail acceleration

  • Money Digest

Jan 23, 2019-

Shares in German fashion house Hugo Boss jumped on Tuesday after it reported sales growth picked up at the end of 2018 across its stores, online and at its wholesale business, which benefited from a shift in deliveries to the quarter. Known for its smart men’s suits, Hugo Boss has introduced more casual and sportswear styles to appeal to a younger audience and invested heavily in its online offer after a bid to go upmarket backfired a few years ago. Hugo Boss said on Tuesday sales rose a currency-adjusted 6 percent in the fourth quarter to 783 million euros ($889 million) in the fourth-quarter. “We are convinced to grow sustainably and profitably in 2019 and beyond,” Chief Executive Mark Langer said in a statement. (REUTERS)

Published: 23-01-2019 10:47

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