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Hermes Q1 Sales Jump on Increased Demand for Accessories

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Paris–Hermès International reported Wednesday that its first quarter sales jumped 25.5% on soaring demand for watches, scarves and fashion accessories. In its quarterly report—that topped most of its luxury rivals—Hermès posted sales of 637.1 million euros (about $918 million) from 507.7 million euros in its first quarter 2010. The sales …

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Coach Q3 Profits Rise as U.S., China Sales Increase

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New York–Coach Inc. posted today a better-than-expected, 18% jump in fiscal third-quarter earnings as demand for its handbags and leathergoods increased in North America and China. Coach, which has been posting double-digit profits as it expands internationally, also raised its quarterly dividend 50%. For the quarter ended April 2, Coach’s …

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Item of the Day

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Our hearts continue to go out to victims of the Japanese earthquake, tsunami and related disasters, and we’ve been thrilled to report various industry efforts to raise money. We especially love this Kibou dog tag by contemporary metals jeweler Edward Mirelli. Available in gray titanium or patented black Ti, the …