Hugo Boss falls after cutting FY outlook on weak consumer demand

Frasers

Tue 07:27

** Shares in Hugo Boss BOSSn.DE slip 2.6% in early Frankfurt trade after the German fashion group cut its FY sales and EBIT guidance
** Co cites weak consumer demand and depreciation expenses tied to its IT assets
** A local trader expects shares to be under pressure, even if says the stock is more affected by news related to Frasers FRAS.L raising its stake
** Stock up 7.7% YTD as of Monday's close

($1 = 0.8937 euros)

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))