30 October 2012 10:20
German fashion chain Hugo Boss has said that it saw some signs of improvement in sales in China for the third quarter, although it added that sales overall were flat and core profits dropped in the period.
In a statement, chief executive Claus-Dietrich Lahrs said that although the company had seen stabilization in the region, it had seen "no recovery in consumer confidence in China yet".
The firm said sales in China rose 5% compared with just 1% in the second quarter. However, total sales for the quarter were flat, partly due to a change in the number of collections the group produces each year, shifting the bulk of wholesale orders to the second and fourth quarters as opposed to the third quarter.