Hugo Boss Sees Sales Rebound Gathering Pace as U.S. Strengthens

Hugo Boss AG’s sales rebound will gather pace in the second half of 2010 as its U.S. business benefits from a shift by customers toward less-expensive luxury items, according to Chief Financial Officer Mark Langer.

Revenue growth in the period will come close to the German clothing maker’s 8 percent long-term forecast through 2015, Langer said in an interview at the company’s Metzingen headquarters. Sales rose 6.9 percent in the second quarter, after falling 8.2 percent in the year’s first three months.