Hugo Boss
This coverage focuses on Hugo Bossโs activities, strategy, and performance within the UK retail and fashion market. Reporting highlights store openings, wholesale and licensing developments, marketing campaigns, leadership appointments, and financial results. Tailored for retail executives, brand managers, and buyers analysing premium fashion trends, brand positioning, and commercial strategies.
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May- 2024 -2 MayLuxury Goods
Hugo Boss Q1 sales jump 6%
Hugo Boss has announced that its sales jumped 6% on a constant currency basis to โฌ1.01bn (ยฃ860m) for the three months ended 31 March 2024. Alongside this, the companyโs EBIT also rose 6% up to โฌ69m (ยฃ59m) while its EBIT margin was up 10 basis points. In the EMEA region,…
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Apr- 2024 -26 AprilLuxury Goods
Burberry faces takeover threat after share drop
Burberry is at risk of takeover after losing a fifth of its value since the start of the year, The Telegraph has reported.ย A profit warning from rival luxury brand Kering, which owns Gucci, Bottega Veneta and YSL among others, triggered a dip in Burberry shares on Wednesday (24 April).…
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Mar- 2024 -7 MarchNews
Today’s news in brief-7/3/24
The British Retail Consortium (BRC) criticised Chancellor Jeremy Hunt’s Spring Budget, stating that it lacked initiatives to boost investment and growth in communities, particularly for retail businesses. Despite calls to reduce business rates and reintroduce tax-free shopping for tourists, Hunt’s budget did not address these concerns. The BRC emphasised the…
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7 MarchNews
Hugo Boss sales rise by 18% to โฌ4.2bn in FY23
Hugo Boss has announced an 18% sales increase to โฌ4.2bn (ยฃ3.5bn) for the fiscal year 2023.ย For the first time in its history, sales crossed the โฌ4bn (ยฃ3.4bn) threshold, exceeding the brandโs initial mid-term sales target two years ahead of plan.ย Groupโs EBITDA increased by 22% to โฌ410m (ยฃ350m), compared…
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Feb- 2024 -13 FebruaryClothing & Shoes
Frasers ups stake in N Brown to 20%
Frasers Group has revealed it has increased its stake in fashion retailer N Brown to 20%, according to the latest holding documents filed by the company. The pure play retailerโs brands include Jacamo, Simply Be and JD Williams and was founded in 1859 in Manchester – where its headquarters remain…
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Jan- 2024 -16 JanuaryNews
Today’s news in brief-16/1/24
Card Factory reported a 10% increase in total sales for the 11 months ending December 2023, reaching ยฃ476.9m, driven by robust Christmas trading. The like-for-like (LFL) store revenue surged 7.8% in November and December, attributed to increased transactions and higher average basket values. The Store Evolution Programme positively impacted space…
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16 JanuaryClothing & Shoes
Hugo Boss sees revenues rise to โฌ1.17bn in Q4
Hugo Boss has reported a 13% increase in currency-adjusted revenues in the fourth quarter to โฌ1.17bn (ยฃ1.01bn). It also achieved record sales of โฌ4.1bn (ยฃ3.6bn) in fiscal year 2023, up 15%. In the three-month period, currency-adjusted sales for Boss menswear were up 13% year over year to โฌ914m (ยฃ787m) ,…
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11 JanuaryAnalysis
What went wrong with Wilkoโs and who is next in 2024
As we begin the first quarter of 2024 much of the industry will be reflecting on the sectorโs 2023 performance. For the majority, It was a tough year of trading. The question is what lessons have been learnt and how will the sector behave and perform this year. One of…
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Sep- 2023 -22 SeptemberNews
Todayโs news in brief-22/09/23
The Co-operative Group (Co-op) has reported ยฃ43m in underlying profits for the first half of the year, a notable improvement from the ยฃ1m loss in the prior year. This surge is attributed to efficient cost-saving measures, including annualised savings of ยฃ101m from 2022, along with further H1 2023 savings. Operational…
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22 SeptemberDepartment Stores
Frasers tries to pull Morgan Stanley boss into legal battle
Frasers has reportedly asked a New York court to order Morgan Stanleyโs boss to hand over evidence for the groupโs High Court lawsuit against the bank, the Financial Times has reported.ย The FT said the lawsuit in question concerns an almost $1bn (ยฃ815m) margin call covering trades in Hugo Boss.ย …
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