Hugo Boss has managed to meet sales expectations for the financial year 2018 following 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 business wear and casual wear.
However, it reported an overall sales decrease of four per cent.
