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Tag: hugo boss

Retail Asia09/11/2017
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Real Estate

Topshop Hong Kong saves money in rent

3min0
Renewing the lease for its Queen’s Road shop in Central, fashion brand Topshop Hong Kong has halved the rent. It now has a rate of HK$1.5 million (US$192,000) a month for its 12,000sqft (1100sqm) store on one of Hong Kong’s busiest shopping streets, reports Asia real-estate intelligence group Mingtiandi. The new deal gives the UK-based […]
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Retail Asia04/08/2017
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Fashion

Hugo Boss China proves best dressed

3min0
With second-quarter sales rising by 14 per cent, Hugo Boss China has shined for German luxury fashion house. With double-digit sales growth on a like-for-like basis, the Chinese mainland continued to perform significantly better than Hong Kong and Macau, says the company. Sales were also up in Japan. In Asia, sales grew by 12 per […]
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Retail Asia21/07/2017
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Fashion

Hugo Boss opens Brisbane flagship boutique on Edward Street

2min0
International fashion retailer, Hugo Boss, has opened a luxury Brisbane flagship boutique on Edward Street, in MacArthur Central’s luxury fashion precinct. The new boutique will feature the edited range of luxury Boss Menswear collections, including ready-to-wear, shoes and accessories as well as athleisure wear and a high performance sportswear offering, in addition to Hugo Boss timepieces and […]
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Retail Asia15/05/2017
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Fashion

Hugo Boss opens menswear store at Singapore Changi

1min0
Hugo Boss has opened a 95sq m store at Singapore Changi Airport Terminal 1. The Boss Menswear Store features a new interior concept featuring “clean, angular aesthetics” that has already been adopted by select stores in other cities. Hugo Boss considers the travel retail channel to be a dynamic part of the fashion business, and […]
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Retail Asia16/03/2017
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E-Tailing

Hugo Boss China focus online

3min0
German fashion house Hugo Boss says that improving its online business will be a priority this year as it shores up its recovery in China after slashing prices there. Since taking over as Hugo Boss chief last May, former finance chief Mark Langer has been cutting costs by renegotiating rents, shutting stores, trimming brands and […]
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Retail Asia19/01/2017
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Fashion

Hugo Boss Asia sales rebound

2min0
Rebounding Hugo Boss Asia sales have prompted the German fashion retailer to revise its profit outlook. The company’s stock price soared as much as 10 per cent after management said improved sales in Asia and Britain mean its profit decline will be less than previously predicted in the current financial year. Hugo Boss Asia like-for-like […]
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Retail Asia22/11/2016
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Fashion

Hugo Boss cuts prices in 12-month turnaround plan

2min0
German fashion house Hugo Boss says it will not return to growth until 2018 as it launches a turnaround that includes eliminating brands, slowing down store expansion and selling more online. CEO Mark Langer says 2017 will be a transition year as it reorganises its struggling wholesale unit that sells to US department stores. Already […]
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Retail Asia02/09/2016
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Fashion

Menswear milestone: Hugo Boss opens 200th airport store

9min
Luxury menswear specialist Hugo Boss opened its 200th airport store earlier this year at Sydney Airport, as the brand maintains its strong focus on growth in travel retail. The store, which opened in April, measures 187sq m and is located at Sydney Airport Terminal 1. It offers Boss menswear including ready-to-wear, shoes, accessories as well as sportswear […]
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Retail Asia13/08/2016
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Fashion

Hugo Boss China plans to cull more stores

2min0
The cull of Hugo Boss China stores will continue after a first round downsizing helped the German retailer’s bottom line. Hugo Boss revealed its quarterly operating profit on Friday, beating forecasts and giving incoming CEO Mark Langer a mandate for his tough strategy to return to profit growth. In March the company said it would […]
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Retail Asia09/06/2016
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Fashion

Giorgio Armani Asia suffers in China

2min0
Italian fashion house Giorgio Armani Asia is the latest luxury retailer to cite greater China as the cause of a downturn in sales. Burberry and Hugo Boss have also been hit by China’s economic slowdown, leading to Hugo Boss cutting its prices in Asia. Armani says revenues grew 4.5 per cent last year, a 16 […]
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Retail Asia15/03/2016
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Fashion

Hugo Boss to review store growth close some China

5min
German fashion house Hugo Boss is closing outlets in China and will review its global store network as it tries to revive its fortunes following the departure of its chief executive last month after a profit warning. Like other upmarket fashion retailers, Hugo Boss has been hit by a slowdown in luxury spending, particularly in […]
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Retail Asia17/02/2016
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Fashion

Genesis Luxury takes on Coach India

3min0
Indian fashion conglomerate Genesis Luxury Fashion has formed an exclusive partnership to New York design house Coach to introduce it to the Indian market. The first Coach India store will open to coincide with the brand’s 74th anniversary this year. “We are confident the brand’s commitment to heritage and innovative design will be warmly embraced […]
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Retail Asia01/02/2016
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Fashion

Is Time Running Out For Luxury in China?

24min
In 1992 Louis Vuitton made its debut in China with a store in Beijing’s bustling shopping district of Wangfujing, becoming the first luxury brand to set foot in the Middle Kingdom. The timing was perfect. The Chinese economy was just coming into its own, embarking on a spectacular journey of double-digit economic growth. This was […]
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Retail Asia26/01/2016
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Fashion

China, e-commerce bolster Burberry’s sales growth

2min
The mobile and e-commerce news from Burberry is an indication that luxury fashion brands can succeed in the space, despite initially struggling to do so. Luxury brands have historically avoided e-commerce due to the demands of building and managing online operations, preferring to outsource those functions whenever possible. However, Burberry’s movements show that these high-end brands can successfully build […]
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Retail Asia22/10/2015
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Fashion

US, Asia weigh down Hugo Boss

3min
Deterioration of the market environment in Asia and a slowdown in the Americas weighed on sales and earnings performance of German fashion brand Hugo Boss in the third quarter of 2015 The company said its sales were marked by “high levels of volatility” in the third quarter to September 30. The group’s own retail business […]
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