Hugo Boss profit and sales slip in third quarter

Luxury fashion retailer Hugo Boss saw profit and sales decline in its third quarter.
EBIT dropped 1% year-on-year to £84.5m over the period, as gross profit slipped 2% to £532.3m.
Group sales fell 1% during the quarter, in the face of “persistently challenging market conditions” for the business.
The company noted that sales improvements in the Americas (3%) largely compensated for revenue declines in the EMEA (-2%) and Asia/Pacific (-4%) regions.Related Story Watch: The