Hugo Boss books UK profit & sales uptick

hugo boss update

New stores and a renovation scheme of existing stores has helped Hugo Boss to record an uptick in full-year sales and profits in its UK market.

According to accounts filed at Companies House, the British arm of the upmarket German fashion retailer reported an 11 per cent increase in turnover to £273 million compared to £245 million the previous year.

Meanwhile, Hugo Boss’ operating profit grew nine per cent to £30.9 million, and total profit surged 16 per cent to £23.8 million.

The brand’s retail sales in the UK went up by 12 per cent, thanks to the opening of four new stores and the renovation of six existing stores.

Finally, Hugo Boss’ wholesale sales grew 11 per cent over 2016.

Almost three-quarters of Hugo Boss’ total sales came from its retail division, while 26 per cent derived from wholesale.

Hugo Boss now employs 948 people in the UK, compared to the 931 staff base in 2016.

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