Hugo Boss falls after cutting FY outlook on weak consumer demand

** 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)