FRANCE: Hermès in 24% Q3 sales surge
French luxury fashion and lifestyle group Hermès has posted a 22.7% surge in sales for the first nine months of the year to EUR2.44bn, with third quarter sales up 24.2%.
The company said all regions had registered revenue increases, led by non-Japan Asia with a 24% sales rise, thanks to strong growth in China, Singapore and Hong Kong.
Meanwhile, Japan revenues rose 4%, and the increases for France and the rest of Europe were 13% and 18% respectively.
Sales in the Americas were up 11%, with Hermès highlighting strong comparisons last year, when revenues surged up 30%.
In terms of sectors, ready-to-wear and fashion accessories were up 21%, while silk and textiles increased 14%.
Hermès said full-year revenues could grow by more than 13%, with operating margins between the level of 2010 and 2011’s record high.
- The difference between compliance and safety?
- Central America must make better use of DR-CAFTA
- Vietnam – Are we too late to the party?
- How M&S plans to revamp its clothing business
- Yarn-forward rules weigh on Vietnam TPP potential
- US Q1 in brief – Guess, Burlington Stores, Sears
- Nike management changes to drive innovation
- Social responsibility key to winning millennials
- Gap accused of rights violations in supply chain
- H&M commits to DBL Group's new Ethiopia factory
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Victoria's Secret Stores, Inc.: Retailing - Company Profile & SWOT Analysis
- Nike Inc in Apparel and Footwear (World)
- Apparel Accessories in Hong Kong, China
- Practical Price Negotiation for Apparel Sourcing Professionals