Apr 27, 2017 | By WGSN Insider
Big data meets consumer insights. Experience WGSN.
Nov 12, 2015
By Petah Marian
Luxury group Hermes’ sales have beaten expectations during the third quarter, despite a slowdown in the rate of growth.
The business was helped by demand for leather goods and ready-to-wear fashion, as comparable sales rose 7.9% during the second quarter, against a 9.7% rise during the second quarter. Analysts were expecting 7% sales growth over the period.
Revenue rose 15.4% to €1.14bn. In Asia, sales grew by 15.1% to reach €526m, while European revenue was up 15.8% to €396m.
The company said the growth in Asia came despite a “context in Hong Kong, Macao and to a lesser extent in continental China”.
STAY UP TO DATE: You want the need-to-know news, right? Our journalists deliver a daily curation of the most important industry happenings. Sound good? Join WGSN.
Know what’s next. Become a WGSN member today to benefit from our daily trend intelligence, retail analytics, consumer insights and bespoke consultancy services.