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July 23, 2008
Hermès Shakes Off Slowdown With Strong Q2
Hermès International's second-quarter sales jumped 12.1% to $622 million, compared with sales of $479 million a year ago.
The French luxury firm said that it saw strong sales across all regions except Japan.
Demand for leather goods was especially strong and fragrance sales were up 28%, the company said.
Riding on the rosy results, Hermès said that it plans to open 25 new stores in the coming year, including locations in China and Hong Kong.
Posted by Blacks on July 23, 2008 10:21 AM
