BERLIN — Hugo Boss surpassed its earnings and sales goals for 2007, according to preliminary figures released Wednesday.
The Metzingen-based apparel giant boosted net profit 20 percent to 154 million euros, or $211.1 million, while earnings before taxes rose 18 percent to 212 million euros, or $290.6 million, and EBIT hit 220 million euros, or $301.6 million. All dollar figures are at an average exchange rate.
Group sales rose 9 percent to 1.6 billion euros, or $2.2 billion but, adjusted for currency effects, grew 12 percent, the group pointed out. Boss' sales and earnings forecast called for 10 to 12 percent growth in currency adjusted sales and a 12 to 15 percent gain in pretax earnings.
Boss Womenswear, company owned retail, and shoes and leather accessories achieved the largest gains. Womenswear sales grew 29 percent to 209 million euros, or $286.5 million, while retail generated 25 percent growth to 239 million euros, or $327.6 million, and shoes and leather accessories advanced sales 16 percent to 176 million euros, or $241.3 million.
Boss is projecting further record gains in sales and earnings for 2008. Final 2007 figures will be made public at the annual financial press conference on March 27.
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
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“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye