Three of the world’s top apparel brands – Tommy Hilfiger, Hugo Boss and Calvin Klein enjoyed rise in sales in Ireland last year but their profits however showed a mixed response as the clothing retail sector continued to be sluggish in the country.
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Latest figures filed at Hilfiger Stores Ireland Ltd. show that in 2015 revenues increased by 19 per cent to Euro 21.9 million. However, its pre-tax profits declined by 33 per cent to Euro 449,000 in the same period.
Similarly, last year’s sales at Hugo Boss Ireland Ltd., which opened up its first store on Dublin’s Grafton Street, showed a surge of 15 per cent to Euro 10.8 million. The fashion label met the same fate as Tommy Hilfiger in the pre-tax profits. It sustained a decline of 38 per cent from Euro 578,507 to Euro 357,849.
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However, Calvin Klein Stores Ireland Ltd. reveal that its revenues increased by 41 per cent, up from Euro 2.77 million to Euro 3.92 million. It also recorded a 41 per cent increase in pre-tax profits to Euro 78,403 during the period under review.
