In a challenging market environment HUGO BOSS started the year on a positive note. Sales and earnings development in the first quarter reflected the continued evolvement of the business model centered on the Group’s own retail activities. The Company therefore confirms its positive outlook for the year as a whole.
“We had a good start to the year,” said Claus-Dietrich Lahrs, CEO and Chairman of the Managing Board of HUGO BOSS AG. “Thanks to a strong development in Europe, we were able to compensate for the challenging market environment, above all in North America and China. At the same time, our strategic focus on BOSS Womenswear resulted in double-digit growth rates in this part of our business. The investments in brand, distribution and logistics negatively affected our earnings development in the period, but will support sales and profit growth for the rest of the year and beyond."
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