A 25% surge in retail revenues helped German fashion house Hugo Boss to post a 31% rise in profit in the first half of 2010.
Although first half sales fell 2% to $1 billion, the company staged a recovery in the second quarter, when sales rose 7% to $425 million.
A 9% decline in European revenues was offset by double-digit sales rises in the Americas and Asia-Pacific.
“Hugo Boss has used the last two years, characterized by the global economic crisis, to take a good look at its business model and to optimize it,” said Claus-Dietrich Lahrs, company chairman and CEO.
“The fact that we have defined the right areas of growth is shown by the welcoming figures from our retail division and our double-digit growth in sales on the Americas and in Asia.”
Share / Print
Related Posts
No related posts.
Loading ...
