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HugoBoss: China will become one of the three major markets

Claus-Dietrich Lahrs, the CEO of German luxury fashion brand Hugo Boss, has expressed confidence that China will become one of the company's top three markets by 2015. This statement highlights the growing importance of the Chinese market in Hugo Boss’s global strategy. Currently, the brand operates 450 stores worldwide, with plans to expand to 700 by the end of 2015. A significant portion of these new stores will be located in China, reflecting the company's strong commitment to the region. Lahrs made these remarks during an interview with the German Financial Times, emphasizing the strategic shift toward Asia. In addition to expanding its retail presence, Hugo Boss is also focusing on improving its supply chain efficiency. The company aims to reduce the time it takes for new collections to reach store shelves. Starting next year, some product lines will see their delivery cycle cut from 50 weeks to 38 weeks. By 2012, this streamlined process will apply to all products, allowing the brand to respond more quickly to consumer demand and stay ahead of trends. This move not only strengthens Hugo Boss’s competitive edge but also demonstrates its long-term vision for growth in key markets like China. With a focus on both expansion and agility, the brand is positioning itself for continued success in the global fashion industry.

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