Hugo Boss Lowers Annual Outlook on Weak Demand, Higher Expenses
Hugo Boss lowered its annual outlook, citing weak demand and higher expenses.
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11:57:32 PM UTC
SquawkNews
German fashion group Hugo Boss XETR:BOSS cut its outlook for annual sales and operating profit on Monday, citing weak consumer demand and depreciation expenses tied to its IT assets.The downgrade comes as Hugo Boss grapples with sluggish demand linked to macroeconomic uncertainty and geopolitical t…