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November 10, 2006
Hermès Reports Modest Gain In 3Q Sales
Third-quarter sales at Hermès inched up 3% to $447 million. The French luxury brand said that sales in Asia were soft – up 1.8% in Japan, for instance – but it is in step with other competitors in the region.
Hermès also said that it would have had higher sales if it had not stopped production of its popular canvas bags, which were discontinued because they diminished the brand’s high-end image.
Posted by Blacks on November 10, 2006 09:51 AM
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