BERLIN — Earnings slipped on flat sales at Hugo Boss in 2002.
In a release of preliminary 2002 results on Thursday, the Metzingen, Germany-based apparel group said net profits for 2002 fell 30.6 percent to $80.2 million, compared with $115.7 million in 2001. This result, however, beat the revised forecast issued by the company last July, which called for net profits of $75.2 million. Additionally, the company noted, it represented the "third-best result in the history of the Hugo Boss Group." Dollar figures have been converted from the euro at the current exchange of $1.074 per euro.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)