Boss Holdings Inc. (BSHI)
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Hugo Boss shares sink as company becomes latest fashion seller to cut guidance
Hugo Boss shares fell sharply on Tuesday after the suit seller followed rivals Burberry and Swatch Group in cutting its guidance over concerns that a slump in the global economy is set to hit sales in key markets including the U.K. and China throughout the remainder of 2024.
Hugo Boss Latest To Warn of Grim Times for Luxury Sector
Hugo Boss shares are tumbling about 9% in German trading Tuesday after the luxury fashion retailer became the latest to warn of bad times for the high-end sector.
Hugo Boss: Sales Should Grow Into Brick-And-Mortar Investments
The brick and mortar investments are basically completed, so shareholders today can see the benefits from sales growing into that larger footprint. Other areas of operating leverage are kicking in thanks to fixed back end. In general, there are less geographic risks, being an EMEA focused group with limited concerns around China or even the risk of a slowing US for whatever reason.
