Hugo Boss AG (BOSSn.DE)
* Hugo boss CEO says might have seen slight improvement so far in Q3 but doesn't see change in overall trends Further company coverage: (Reporting by Frankfurt Newsroom)
BERLIN Hugo Boss beat forecasts for quarterly operating profit on Friday and new boss Mark Langer said he would close around 20 more stores as he extends a cost cutting drive to revive the struggling German fashion house.
* 20 stores to close that have diluted profit margin (Adds details from conference call)
* 20 stores it wants to shut are big shops with long-term rent contracts in Asia, Europe and North America
BERLIN, Aug 5 Mark Langer, the new chief executive of Hugo Boss, said the German fashion house would close another 20 stores and refocus its U.S. business as it cut its full-year outlook following a slump in second-quarter profits.
FRANKFURT, July 5 The DAX top-30 index looked set to open 0.4 percent lower on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0612 GMT.
FRANKFURT, May 20 The DAX top-30 index looked set to open 1.2 percent higher on Friday, according to premarket data from brokerage Lang & Schwarz at 0602 GMT.
FRANKFURT, May 19 The DAX top-30 index looked set to open 0.5 percent lower on Thursday, according to premarket data from brokerage Lang & Schwarz at 0620 GMT.
* CFO says positive trend in China volumes accelerated in first weeks in April
BERLIN German fashion house Hugo Boss will seek to cut costs by renegotiating rents, shutting stores and shifting marketing spending back to its core menswear business after quarterly sales and profits fell short of expectations.
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Hugo Boss AG: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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