Hugo Boss warns of flat growth ahead
CEO Daniel Grieder said in the report that the “robust bottom-line improvements” would be the result of “a relentless focus on maintaining cost discipline and driving additional efficiencies.”
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In a November conference call CEO Carlos Alberini also said the company was working to reclaim its “denim legacy,” citing a focus on new retail concepts as well as providing more “dressy” offerings along with the “more casual product assortment that was part of our brand’s DNA” since its inception.
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“Although the timing of any macro recovery remains uncertain, our strategy of consistently investing in our strong brands, Boss and Hugo, gives us confidence in our ability to continue driving above-trend growth and capturing further market share.