Hugo Boss Warns of Sluggish Consumer Demand, Sees Full-Year Results at Lower Guidance End
German luxury fashion brand Hugo Boss reported that third-quarter sales fell by 4% to €989 million. On a like-for-like basis, sales dropped by 1%, due to weak retail demand in China and the UK, and a strong euro. While markets like Germany, France and the US showed some strength, the Asia-Pacific region continued to drag….