Hugo Boss has lowered its guidance as the slowdown in the luxury market continues to take its toll
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By Chloe Mills16 July 2024
Luxury fashion retailer Hugo Boss has lowered its full-year guidance as the slowdown in the luxury sector took its toll during the second quarter.
Hugo Boss posted a 42% fall in EBIT during the second quarter of the year to €70m (£58.8m), demonstrating softer sales trends and “strategic investments into the business”.
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Luxury fashion retailer Hugo Boss has lowered its full-year guidance as the slowdown in the luxury sector took its toll during the second quarter.
https://www.retail-week.com/luxury/hugo-boss-has-lowered-its-guidance-as-the-slowdown-in-the-luxury-market-continues-to-take-its-toll/7046648.article