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May 08, 2008
Hermès Reports Double-Digit Growth In Q1
Sales at Hermès surged 13.4% to $622 million during the first quarter of the year. The French luxury brand cited growth across all categories and regions, except Japan.
The brand saw a sales increase of almost 22% in silks and textiles for the quarter ended March 31, while ready-to-wear and fashion accessories climbed 15.6%. Sales of leather handbags grew by 25%.
Hermès pinned the growth on expansion and new store openings which it plans to continue throughout this year.
Posted by Blacks on May 8, 2008 09:03 AM
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