×
68 870
Fashion Jobs
PUMA
Program Manager, de&i Learning & Development
Permanent · Somerville
BANANA REPUBLIC
General Manager - West Town
Permanent · Madison
ADIDAS
Key Account Manager
Permanent · Pittsburgh
CENTRIC BRANDS
Manager, Production
Permanent · New York
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Chevy Chase
Permanent · Chevy Chase
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Willow Grove
Permanent · Willow Grove
MACY'S
Asset Protection Captain, Lakewood Center - Full Time
Permanent · Lakewood
MACY'S
Celebrations Consultant
Permanent · Salem
MACY'S
Product Management Advisor
Permanent · New York
MACY'S
Asset Protection Detective, Summerlin - Full Time
Permanent · Las Vegas
MACY'S
Business Intelligence Workflow/Agent Tools Advisor
Permanent · Deerfield Township
MACY'S
Asset Protection Detective, Woodlands Mall - Full Time
Permanent · The Woodlands
MACY'S
Asset Protection Detective, Warwick Mall - Full Time
Permanent · Warwick
MACY'S
Asset Protection Detective, Fair Oaks - Part Time
Permanent · Fairfax
MACY'S
Asset Protection Detective, Redding mt Shasta - Full Time
Permanent · Redding
MACY'S
Asset Protection Detective, Natick Collection - Full Time
Permanent · Natick
NORDSTROM
Asset Protection - Security Ambassador - Miracle Marketplace Rack
Permanent · Miami
SALLY BEAUTY CORPORATE
Manager, Content Strategy And Operations
Permanent · Denton
ROSS STORES
Senior Financial Analyst, Store Finance
Permanent · Dublin
OLD NAVY
Manager – Product Creation Strategy
Permanent · San Francisco
OLD NAVY
Assistant General Manager, Merchandising - Boynton Beach
Permanent · Boynton Beach
L BRANDS
Senior Merchandise Planner
Permanent · Reynoldsburg
By
Reuters
Published
Nov 8, 2011
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hugo Boss ups 2015 targets on Chinese growth

By
Reuters
Published
Nov 8, 2011

FRANKFURT - German fashion house Hugo Boss (BOSG_p.DE) sharply raised its earnings outlook for 2015 on Tuesday as it increases its network of stores and eyes strong growth from China.

Hugo Boss
Hugo Boss - Boss Green AW 2011/2012

The group, known mostly for its men's suits, said it now expects sales of 3 billion euros ($4.1 billion) in 2015, and earnings before interest, tax, depreciation, amortization and special items (EBITDA) of 750 million,

That compares with a previous target for sales of 2.5 billion and core earnings of 500 million euros.

"All of those driving elements we defined at the end of 2009 and the beginning of 2010, are playing out more strongly than we expected," Chief Executive Claus-Dietrich Lahrs told analysts at an investor day.

Hugo Boss said it expected sales in Asia to almost triple by 2015 compared with 2010, mainly thanks to China.

The group also said around 55 percent of its sales would come from its own retail business in 2015 and that it planned to open approximately 50 new stores a year.

As at end-Sept 2011, Hugo Boss operated 591 of its own stores. Sales via its own retail business, which includes online and outlets, accounted for 40.4 percent of sales in the first nine months of 2011.

"We want to make two-thirds of our sales from own retail," Lahrs told investors. "We will do this by opening new stores and also taking over franchise partners."

Hugo Boss earlier this year bought 15 franchised stores from UK retailer Moss Bros (MOSB.L).

Its shares, which have gained 18 percent in 2011, were up 2.8 percent at 67.96 euros at 0817 GMT (3:17 a.m. ET).

($1 = 0.727 Euros)

(Reporting by Victoria Bryan; Editing by Erica Billingham)

© Thomson Reuters 2022 All rights reserved.