0918 GMT - Hugo Boss is the latest of companies to point to a relatively weak start to the year, Morgan Stanley analysts write in a note. The German premium fashion company noted that macroeconomic and geopolitical volatility remains high, weighing on consumer sentiment and impacting its performance. The update follows downbeat reporting from Inditex and Puma yesterday, as well as recent commentary from peers, the analysts say. Hugo Boss's print suggests a weak start to the year across apparel and footwear, which could be a negative read-across for peers that have not yet reported, they add. Shares are down 3.1% at 36.86 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
March 13, 2025 05:18 ET (09:18 GMT)
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