THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Hugo Boss posts highest quarterly sales in its history

Hugo Boss has reported a strong increase in third quarter sales after trade was boosted by an improved performance in its bricks-and mortar stores. Group sales… View Article

FASHION RETAIL NEWS UK

Hugo Boss posts highest quarterly sales in its history

Hugo Boss has reported a strong increase in third quarter sales after trade was boosted by an improved performance in its bricks-and mortar stores.

Group sales climbed by 18% currency-adjusted to €933 million to mark the highest quarterly sales in the history of the fashion brand.

While sales growth in the company’s digital channels accelerated to 20% from the same period in the prior year, sales in physical stores rose by 18% year-on-year and by 25% on pre-pandemic levels three years ago,

Meanwhile, EBIT increased by 8% year-on-year to €92 million.

Hugo Boss has now raised its full year outlook and predicts that sales will grow between 25% and 30% to a record level of between €3.5 billion and €3.6 billion. Meanwhile EBIT is expected to increase by between 35% and 45%.

Daniel Grieder, chief executive of Hugo Boss, said: “We look back on an extremely successful quarter, in which our broad-based growth continued seamlessly. Building on our strong brand momentum, we look forward to the important final quarter with confidence. Thanks to the relentless execution of our ‘CLAIM 5’ strategy, we are well on track to make 2022 not only a record year for HUGO BOSS, but also a major milestone along our 2025 targets.”

Subscribe For Retail News