Hugo Boss AG (ETR:BOS3) Back On Track For Growth in 2010 With Sales Increasing by 7% to EUR 325 Million

Berlin, Oct 12, 2010 AEST (ABN Newswire) - HUGO BOSS AG (ETR:BOS3) is back on track for growth in 2010. With sales increasing by 7% to EUR 325 million the second quarter recorded much more dynamic growth then the first quarter that was still affected by the orders of our retail partners that recovered slowly from the 2009 recession. In the first half of the year, Group sales totaled to EUR 769 million (-2%), nearly on previous year's level.

Growth in the company's own retail business has made a big contribution to the success during the reporting period. The corresponding sales increased by 25% to 288 million Euros (H1 2009: EUR 230 million).

This also includes sales from the retail outlets and the HUGO BOSS online stores.

"HUGO BOSS has used the last two years, characterized by the global economic crisis, to take a good look at its business model and to optimize it," explains Claus-Dietrich Lahrs, CEO and Chairman of the Managing Board of HUGO BOSS AG. "The fact that we have defined the right areas of growth is shown by the welcoming figures from our retail division and our double digit growth in sales on the Americas and in Asia. The 2010 financial year is all set to be a great year for HUGO BOSS AG."

For the full Hugo Boss release, detailed report and further information about HUGO BOSS, please visit Global Fashion Wire at:
http://www.globalfashionwire.com/press/en/63696/ADMIN