Hugo Boss meets sales forecast due to business & casualwear demand

Hugo Boss
// Hugo Boss has met sales expectations for the financial year 2018
// The German luxury retailer recorded a 2% rise in sales to £2.39bn

Hugo Boss has managed to meet sales expectations for its financial year thanks to a two per cent rise in sales to €2.79 billion (£2.39 billion).

Currency-adjusted sales increased by four per cent in Europe, mainly driven by the UK’s double-digit growth.

Meanwhile in the US, currency-adjusted sales increased by four per cent.

Sales in Asia-Pacific capitalised from high single-digit growth in the Chinese market, with an increase of seven per cent.

The German luxury retailer achieved currency-adjusted sales growth of six per cent thanks to high single-digit growth in businesswear and casualwear.

However, it reported an overall sales decrease of four per cent.

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