Tag: Hugo Boss AG

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Growth in luxury sector expected to ease as it returns to normalized rate, fund manager says

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July 16, 2024July 16, 2024Earnings

Hugo Boss shares plunge on profit warning amid slumping China demand

Pedestrians walk past a German luxury fashion house Hugo Boss store in Shenzhen Bao’an International Airport. Alex Tai | SOPA Images | LightRocket | Getty Images) Hugo Boss shares plunged as much as 10% Tuesday after the company cut its sales outlook, becoming the latest high-end fashion line to warn of persistent woes in the...

Company sales expected to grow between 3-6% in 2024, says Hugo Boss CEO

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March 7, 2024March 7, 2024Earnings

Hugo Boss plunges 12% on pessimistic sales outlook in worst day since 2016

by marketsignals

Mannequins display men’s suits inside a Hugo Boss showroom. Bloomberg | Bloomberg | Getty Images Shares of Hugo Boss plunged 18% before paring losses slightly Thursday, after warning that it may fail to meet its 2025 sales target amid weakening consumer demand. The German high-end fashion brand was on course for its worst trading day...

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