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Market Trends: Weekly Fashion News

发布日期:2019-03-14 16:13:05 点击次数:

In the past week, the fashion market has remained volatile, with brand dynamics constantly emerging. Data Park has compiled fashion news from the past week to provide reference for industry insiders.

1. Hugo Boss achieves positive growth for the first time in two years in the United States

German fashion group Hugo Boss recently released its core financial data for the second quarter of the 2017 fiscal year, with sales increasing by 2% to 636 million euros and net income growing to 57.6 million euros, surpassing analysts' estimates of 619 million euros and 53 million euros. After implementing a restructuring plan of closing stores and adjusting prices, the company's sales and net profit in the second quarter exceeded analysts' expectations. Hugo Boss saw its first sales growth in the US market in two years, with a 14% increase in sales in China.

2. Adidas' sales in China surged by 28% in Q2

German sports group Adidas released its second quarter financial report on Thursday. As of June 30, 2017, Adidas Group's sales increased by 19% year-on-year to 5.038 billion euros, with core brand Adidas' sales increasing by 21% and Reebok's sales increasing by 5%. The group's net profit increased by 16% year-on-year to 347 million euros, with a gross profit margin of 50.1%. Adidas' sales in North America and China recorded growth of 26% and 28% respectively, thanks to the Boost series of sports shoes.

3. Next, a British clothing brand, saw an 11% surge in online sales in the second quarter

Affected by Brexit, British clothing brand Next only recorded a 0.7% increase in local sales. However, Next's performance in other regions around the world remains robust, especially with an online sales growth rate of 11.4% in the second quarter. Given the sluggish performance of Next in the first half of the year and the current global retail environment, Next will maintain a cautious attitude towards this fiscal year and expects sales to decline by 1.2% year-on-year in the second half of the year.