{"id":32415,"date":"2018-03-14T06:21:58","date_gmt":"2018-03-14T13:21:58","guid":{"rendered":"https:\/\/www.denimsandjeans.com\/?p=32415"},"modified":"2018-10-11T10:04:20","modified_gmt":"2018-10-11T04:34:20","slug":"hugo-boss-financials-2017","status":"publish","type":"post","link":"https:\/\/www.denimsandjeans.com\/recovery\/latest-denim-reports\/financial-results\/hugo-boss-financials-2017\/32415","title":{"rendered":"Hugo Boss Financials 2017"},"content":{"rendered":"

The HUGO\u00c2\u00a0BOSS Group is one of the leading companies in the premium segment of the global apparel market. With some 14,000 employees around the world, the Company,
\nwhich is based in Metzingen, Germany, develops and sells high-quality fashion as well as accessories in the womenswear and menswear segments under the BOSS and HUGO
\nbrands. By means of a differentiated brand strategy, the Group positions the brands in different segments and increases their desirability. In fiscal year 2017, the Group achieved sales of EUR 2.7 billion from the distribution of classic yet modern tailoring, eveningwear, casualwear, shoes and leather accessories<\/strong>. HUGO\u00c2\u00a0BOSS produces 18% of its total sourcing volumes at its own facilities. 82% are sourced from external contract suppliers or procured as merchandise. Most of the partner factories are located in Eastern Europe and Asia, whereas the Group\u00e2\u20ac\u2122s own production
\nfacilities are based at four sites in Europe. These are located in Izmir (Turkey), Metzingen (Germany), Morrovalle (Italy) and Radom (Poland)<\/em>. BOSS and HUGO products can currently be purchased in 127 countries. The HUGO\u00c2\u00a0BOSS Group\u00e2\u20ac\u2122s distribution activities are divided into three sales regions. With a share of 62%,
\nEurope contributes the largest proportion of sales. America and Asia account for 21% and 14% of sales generated respectively. Within these sales regions, the six core markets\u00c2\u00a0\u00e2\u20ac\u201c Germany, Great Britain, France, Benelux, the United States and China<\/strong>\u00c2\u00a0\u00e2\u20ac\u201c contribute a total of around 63% of sales. The BOSS and HUGO brands are sold via the Group\u00e2\u20ac\u2122s own retail business and wholesale business, both bricks-and-mortar retail and online. Over the last few years, the share of sales generated by the Group\u00e2\u20ac\u2122s own retail business has grown substantially. Today, it accounts for 63% (2016: 62%) of Group sales. The BOSS and HUGO brands are sold via the Group\u00e2\u20ac\u2122s own retail business and wholesale business, both bricks-and-mortar retail and online. Over the last few years, the share of sales generated by the Group\u00e2\u20ac\u2122s own retail business has grown substantially. Today, it accounts for 63% (2016: 62%) of Group sales. We analyse, briefly, the annual results of year 2017 of the company vs its 2016 results.<\/p>\n

1. Sales By Region<\/b><\/p>\n

Europe<\/b> was the leading market for the year 2017 with about 1.6 billion Euros which constituted 62 % of the total sales with just a marginal 1% increase over last year. Americas with their share of 21% come next but again the performance was flat with a turnover of about Euro 570 million. Asian Pacific region comes next with a 14% turnover. The company did not show any growth during the year 2017 with a minor positive of 1% being a consolation . However, given the tough times for retailers, it may not be considered as a bad performance.<\/p>\n\n\n\n\n\n\n\n\n
\n

Regions<\/i><\/b><\/p>\n<\/td>\n

2017<\/i><\/b><\/p>\n

(In Million Euro)<\/i><\/b><\/td>\n

In % Of Sales<\/i><\/b><\/td>\n2016<\/i><\/b><\/p>\n

(In Million Euro)<\/i><\/b><\/td>\n

In % Of Sales<\/i><\/b><\/td>\n\n

Change In %<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n

Europe<\/i><\/b><\/td>\n1681<\/i><\/b><\/td>\n62<\/i><\/b><\/td>\n1660<\/i><\/b><\/td>\n61<\/i><\/b><\/td>\n1<\/i><\/b><\/td>\n<\/tr>\n
Americas<\/i><\/b><\/td>\n577<\/i><\/b><\/td>\n21<\/i><\/b><\/td>\n582<\/i><\/b><\/td>\n22<\/i><\/b><\/td>\n-1<\/i><\/b><\/td>\n<\/tr>\n
Asia\/Pacific<\/i><\/b><\/td>\n396<\/i><\/b><\/td>\n14<\/i><\/b><\/td>\n382<\/i><\/b><\/td>\n14<\/i><\/b><\/td>\n4<\/i><\/b><\/td>\n<\/tr>\n
Licenses <\/i><\/b><\/td>\n79<\/i><\/b><\/td>\n3<\/i><\/b><\/td>\n69<\/i><\/b><\/td>\n3<\/i><\/b><\/td>\n14<\/i><\/b><\/td>\n<\/tr>\n
Total <\/i><\/b><\/td>\n2733<\/i><\/b><\/td>\n100<\/i><\/b><\/td>\n2693<\/i><\/b><\/td>\n100<\/i><\/b><\/td>\n1<\/i><\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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2. Sales By Distribution Channels<\/b><\/p>\n

Group focuses more on retail through its own shops and that is where over 60% of turnover is coming from. Wholesale is the next big segment with about 34% share.\u00c2\u00a0\u00c2\u00a0The total sales for all the distribution channels for the year 2017 was 2733 million euro and in the year 2016 was 2693 million euro with 1 % change in the sales from 2016 to 2017. The percentage change in sales was positive for all channels except the wholesale channel which saw an negative change of \u00e2\u20ac\u201c3%.<\/p>\n\n\n\n\n\n\n\n\n\n\n
\n

Channels<\/i><\/b><\/p>\n<\/td>\n

2017<\/i><\/b><\/p>\n

(In Million Euro)<\/i><\/b><\/td>\n

In % Of Sales<\/i><\/b><\/td>\n2016<\/i><\/b><\/p>\n

(In Million Euro)<\/i><\/b><\/td>\n

In % Of Sales<\/i><\/b><\/td>\n\n

Change In %<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n

Group’s Own Retail Business<\/i><\/b><\/td>\n1732<\/i><\/b><\/td>\n63<\/i><\/b><\/td>\n1667<\/i><\/b><\/td>\n62<\/i><\/b><\/td>\n3<\/i><\/b><\/td>\n<\/tr>\n
\u00c2\u00b7 Directly Operated Stores<\/i><\/b><\/td>\n1103<\/i><\/b><\/td>\n40<\/i><\/b><\/td>\n1078<\/i><\/b><\/td>\n40<\/i><\/b><\/td>\n2<\/i><\/b><\/td>\n<\/tr>\n
\u00c2\u00b7 Outlet<\/i><\/b><\/td>\n550<\/i><\/b><\/td>\n20<\/i><\/b><\/td>\n523<\/i><\/b><\/td>\n19<\/i><\/b><\/td>\n5<\/i><\/b><\/td>\n<\/tr>\n
\u00c2\u00b7 Online<\/i><\/b><\/td>\n79<\/i><\/b><\/td>\n3<\/i><\/b><\/td>\n76<\/i><\/b><\/td>\n3<\/i><\/b><\/td>\n5<\/i><\/b><\/td>\n<\/tr>\n
Wholesale <\/i><\/b><\/td>\n922<\/i><\/b><\/td>\n34<\/i><\/b><\/td>\n947<\/i><\/b><\/td>\n35<\/i><\/b><\/td>\n-3<\/i><\/b><\/td>\n<\/tr>\n
Licenses<\/i><\/b><\/td>\n79<\/i><\/b><\/td>\n3<\/i><\/b><\/td>\n69<\/i><\/b><\/td>\n3<\/i><\/b><\/td>\n14<\/i><\/b><\/td>\n<\/tr>\n
Total<\/i><\/b><\/td>\n2733<\/i><\/b><\/td>\n100<\/i><\/b><\/td>\n2693<\/i><\/b><\/td>\n100<\/i><\/b><\/td>\n1<\/i><\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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3. Sales By Brand<\/b><\/p>\n

Boss is really THE BOSS ! Accounting for over 85% of turnover , it really dominated the other brand HUGO. But the growth % in the HUGO brand was higher at 4% while BOSS lagged behind at 1%.<\/p>\n\n\n\n\n\n\n
\n

Particulars<\/i><\/b><\/p>\n<\/td>\n

2017<\/i><\/b><\/p>\n

(In Million Euro)<\/i><\/b><\/td>\n

In % Of Sales<\/i><\/b><\/td>\n2016<\/i><\/b><\/p>\n

(In Million Euro)<\/i><\/b><\/td>\n

In % Of Sales<\/i><\/b><\/td>\n\n

Change In %<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n

Boss<\/i><\/b><\/td>\n2336<\/i><\/b><\/td>\n85<\/i><\/b><\/td>\n2313<\/i><\/b><\/td>\n86<\/i><\/b><\/td>\n1<\/i><\/b><\/td>\n<\/tr>\n
Hugo<\/i><\/b><\/td>\n397<\/i><\/b><\/td>\n15<\/i><\/b><\/td>\n380<\/i><\/b><\/td>\n14<\/i><\/b><\/td>\n4<\/i><\/b><\/td>\n<\/tr>\n
Total<\/i><\/b><\/td>\n2733<\/i><\/b><\/td>\n100<\/i><\/b><\/td>\n2693<\/i><\/b><\/td>\n100<\/i><\/b><\/td>\n1<\/i><\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"clip_image010\"<\/a><\/p>\n

\"clip_image012\"<\/a><\/p>\n

4. Sales By Gender<\/b><\/p>\n

The sales of Hugo Boss by gender shows that the men\u00e2\u20ac\u2122s wear contribution was about 8 times more that of the women\u00e2\u20ac\u2122s wear for the year 2016 and 2017<\/strong>, the sales contribution of menswear for 2017 was 2440 million euro , similarly in the year 2016 the sales contribution of menswear was 2394 million euro with positive 2% change in sales from 2016 to 2017. The sales contribution of womenswear was 293 million euro in 2017 and in the year 2016 was 299 million euro with negative change of 2% in sales from 2016 to 2017. However, the total sales saw the positive change of 1% from 2693 million euro in 2016 to 2733 million euro in 2017.<\/p>\n\n\n\n\n\n\n
\n

Particulars<\/i><\/b><\/p>\n<\/td>\n

2017<\/i><\/b><\/p>\n

(In Million Euro)<\/i><\/b><\/td>\n

In % Of Sales<\/i><\/b><\/td>\n2016<\/i><\/b><\/p>\n

(In Million Euro)<\/i><\/b><\/td>\n

In % Of Sales<\/i><\/b><\/td>\n\n

Change In %<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n

Menswear<\/i><\/b><\/td>\n2440<\/i><\/b><\/td>\n89<\/i><\/b><\/td>\n2394<\/i><\/b><\/td>\n89<\/i><\/b><\/td>\n2<\/i><\/b><\/td>\n<\/tr>\n
Womenwear<\/i><\/b><\/td>\n293<\/i><\/b><\/td>\n11<\/i><\/b><\/td>\n299<\/i><\/b><\/td>\n11<\/i><\/b><\/td>\n-2<\/i><\/b><\/td>\n<\/tr>\n
Total<\/i><\/b><\/td>\n2733<\/i><\/b><\/td>\n100<\/i><\/b><\/td>\n2693<\/i><\/b><\/td>\n100<\/i><\/b><\/td>\n1<\/i><\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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\"clip_image016\"<\/a><\/p>\n

5. Stores Information<\/b><\/p>\n

The stores count in Europe<\/b> shows that the free standing stores were 192 stores, shops in shops were 351 and outlets were 65 stores , Europe has a largest stores in all out of the three region mentioned below with 608 stores. The stores count in America <\/b>shows that free standing stores were 90 stores, shops in shops were 99 stores and outlets were 50 stores, America has the largest number of shops in shops. <\/b>In Asia\/Pacific <\/b>the number of free standing stores were 157 stores, shops in shops were 88 and outlets were 47 stores.<\/p>\n\n\n\n\n\n\n\n
\n

2017<\/i><\/b><\/p>\n<\/td>\n

Free Standing Stores <\/i><\/b><\/p>\n

(In Numbers)<\/i><\/b><\/td>\n

Shops in Shops<\/i><\/b><\/p>\n

(In Numbers)<\/i><\/b><\/td>\n

Outlets<\/i><\/b><\/p>\n

(In Numbers)<\/i><\/b><\/td>\n

\n

Total<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n

Europe <\/i><\/b><\/td>\n192<\/i><\/b><\/td>\n351<\/i><\/b><\/td>\n65<\/i><\/b><\/td>\n608<\/i><\/b><\/td>\n<\/tr>\n
Americas<\/i><\/b><\/td>\n90<\/i><\/b><\/td>\n99<\/i><\/b><\/td>\n50<\/i><\/b><\/td>\n239<\/i><\/b><\/td>\n<\/tr>\n
Asia\/Pacific<\/i><\/b><\/td>\n157<\/i><\/b><\/td>\n88<\/i><\/b><\/td>\n47<\/i><\/b><\/td>\n292<\/i><\/b><\/td>\n<\/tr>\n
Total<\/i><\/b><\/td>\n439<\/i><\/b><\/td>\n538<\/i><\/b><\/td>\n162<\/i><\/b><\/td>\n11<\/i><\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"clip_image018\"<\/a><\/p>\n

On the whole, we find that Hugo Boss did not grow in 2017 but managed to remain at the same level where many retailers have been hit hard. This by itself is an achievement .<\/p>\n","protected":false},"excerpt":{"rendered":"

The HUGO\u00c2\u00a0BOSS Group is one of the leading companies in the premium segment of the global apparel market. With some 14,000 employees around the world, the Company, which is based in Metzingen, Germany, develops and sells high-quality fashion as well as accessories in the womenswear and menswear segments under the BOSS and HUGO brands. By […]<\/p>\n","protected":false},"author":59,"featured_media":32444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[525],"tags":[1511],"class_list":["post-32415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-results","tag-hugo-boss"],"_links":{"self":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/posts\/32415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/comments?post=32415"}],"version-history":[{"count":0,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/posts\/32415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/media\/32444"}],"wp:attachment":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/media?parent=32415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/categories?post=32415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/tags?post=32415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}