Clothing Brand Hugo&Nbsp: Boss: Nearly Half Of The New Stores Are Expected To Be Located In China.
Hugo Hugo (Boss) is planning to borrow some of the low-cost brands to shorten the time of its product line to shop.
This German
fashion
By 2015, the brand plans to increase the number of its stores from about 450 this year to 700, thus speeding up the retail sales to higher profit margins in areas such as China.
Sale
Transformation.
Hugo Bosse reduced the delivery cycle for some of its products next year from 50 weeks to 38 weeks.
The company's chief executive, Claus Dittrich Lars (Claus-Dietrich Lahrs), was in the first place.
Interview
"The time to shorten the product series from development to production and to the final delivery of customers is crucial to our future success."
Lars said the plan will be fully applied to summer sales in 2012.
Lars said frankly, H&M and Inditex's Zara and other fast changing fashion retailers have shorter delivery cycles.
He said Hugo BOS will maintain its position as a high-end brand, but its products that follow fashion trends also need the speed and response of the companies mentioned above.
Fashion clothing accounts for about 1/3 of Hugo's sales.
Lars said shortening the delivery cycle plan would also help reduce the complexity of Hugo Bosch, presenting a more focused brand.
"Unnecessary efforts will be reduced as much as possible because our market intelligence will increase."
Hugo BOS is a German listed company whose main shareholder is Permira, a private equity fund.
The brand is striving to achieve the following goal: by 2015, sales will rise to 2 billion 500 million euros from 1 billion 600 million euros (2 billion US dollars) last year.
It plans to increase the sales volume of its retail outlets from about 1/3 to 50%.
Nearly half of the new stores are expected to be in China.
The company set up a joint venture in China in July and will become one of its three main markets by 2015.
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