BERLIN — Hugo Boss reported a net loss of 6.1 million euros, or $9.5 million at current exchange, in the second quarter on a 9 percent rise in sales to 321.1 million euros, or $502 million.A company spokesman attributed the loss to the seasonal nature of the fashion business. The results compare with net losses of 6.2 million euros, or $9.7 million, in the corresponding period a year earlier. Earnings before interest and taxes for the quarter came in at a loss of 5.3 million euros, or $8.3 million, versus a loss of 5.6 million euros, or $8.8 million, a year earlier. “The second and fourth quarters are always weaker,” the spokesman said.Boss men’s wear sales gained 8.3 percent in the quarter, and women’s wear, 15.4 percent. In regional terms, the group achieved a 2 percent gain in Germany, 12 percent in the rest of Europe, 3.2 percent in the Americas and 19.9 percent in Asia and other regions.For the first six months of this year, Boss increased consolidated sales by 4 percent (8 percent on a currency-adjusted basis). Due to a onetime effect due to changes in the Boss management board, EBIT for the first half of the year declined 5 percent. However, adjusted for a special charge of 13.5 million euros, or $20.7 million, EBIT rose 9 percent. Gross profit for the six-month period rose 7 percent to 489 million euros, or $748.4 million.On the basis of this performance, Boss confirmed its sales and earnings forecast for 2008. The managing board is projecting currency-adjusted sales growth of 6 to 8 percent, with EBIT expected to increase by 8 to 10 percent before adjustments for special effects.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim