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Hermes Lifts Forecast as Half Year Sales Climb

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Paris—Reporting that its second quarter sales increased 22%, Hermès raised today its second half forecast, predicting sales increases of 12% to 14%. Although noting “uncertainties over the economic outlook and currency fluctuations,” Hermès raised its target for annual revenue growth and said first-half operating profit should grow “significantly” more than …

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Hermes Q1 Sales Jump on Increased Demand for Accessories

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

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 …