×
78 317
Fashion Jobs
NIKE
Senior Software Engineer ii - Business Planning & Consolidation
Permanent · Beaverton
NIKE
Special Assets – Governance Operations Senior Manager
Permanent · Beaverton
ABERCROMBIE AND FITCH CO.
Director, Digital Product Management (Remote)
Permanent · Columbus
TAPESTRY
Manager, Account Executive
Permanent · New York
JOCKEY
Merchandise Planner
Permanent · Kenosha
JOCKEY
Global Supply Chain Planning Manager
Permanent · Kenosha
SALLY BEAUTY CORPORATE
Outside Sales Representative -Cosmoprof
Permanent · Boston
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · Wichita
NORDSTROM INC
Manager - Asset Protection - Downtown Seattle Rack
Permanent · Seattle
ATHLETA
Assistant General Manager - Mall of America
Permanent · Bloomington
OLD NAVY
Assistant General Manager - Fremaux tc
Permanent · Slidell
BLOOMINGDALE'S
Registry Consultant, Full Time: 59th Street
Permanent · New York
ALICE AND OLIVIA
Business Systems Analyst – Wholesale
Permanent · New York
LEVI'S
Retention Marketing Manager - Beyond Yoga
Permanent · Culver City
LEVI'S
Senior Manager, Business Analytics - Beyond Yoga
Permanent · Culver City
LEVI'S
Senior Manager, Direct Mail Marketing - Beyond Yoga
Permanent · Culver City
RALPH LAUREN
Associate Manager Merchandise
Permanent · Bluffton
MACY'S
Manager, Business Administration
Permanent · Bay Shore
MACY'S
Asset Protection Detective, Quaker Bridge Mall - Part Time
Permanent · Lawrence Township
MACY'S
Asset Protection Detective, Dadeland - Full Time
Permanent · Miami
MACY'S
Asset Protection Detective, Garden State Plaza - Full Time
Permanent · Paramus
MACY'S
Asset Protection Detective, Gurnee Mills - Part Time
Permanent · Gurnee
By
Reuters
Published
Apr 26, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hugo Boss eyes expansion in tough China market, reports 10 percent rise in first-quarter sales

By
Reuters
Published
Apr 26, 2012


Hugo Boss' Boss Black spring-summer 2012 collection / Photo: Hugo Boss
FRANKFURT - German fashion house Hugo Boss said it would focus on opening its own stores and expanding into smaller cities in China as growth in the main driver of the luxury industry slows in 2012.

"Although the market environment in China has deteriorated somewhat due to the more cautious consumer sentiment recently, we are nonetheless confident that we will be able to hold our own in the tough competition," Chief Executive Claus-Dietrich Lahrs said as the group reported a 10 percent rise in first-quarter sales.

It said it planned to open 50 of its own stores this year, with the focus on China, but added it would also look at expanding its presence in Europe.

Sales at luxury companies from LVMH to Richemont and Burberry soared last year, as Chinese demand for high-end European brands surged.

Even though growth in Asia is expected to slow this year, many companies, like LVMH, have said Europe remains more of a worry.

Hugo Boss, known for its sharp suits, said the Europe market had been mixed in the first quarter, with sales growing in Germany, the UK and Benelux countries, while France remained steady.

It maintained its forecast for currency-adjusted sales to rise by up to 10 percent in 2012, while core profit should rise at a faster rate.

The group reported first quarter sales of 607 million euros ($800 million) with operating profit before special items up 13 percent at 148 million euros.

Analysts had been expecting the group to report first-quarter sales of 592 million euros, according to a Reuters poll.

© Thomson Reuters 2022 All rights reserved.