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Hermes' Sales Up More Than 20%

| Filed under: Fashion SmashionBusiness BlitzBurberryHermes


How's this for a nice increase!

Hermes' sales in the second quarter recently jumped 21.9 percent, matching its accomplishment from its first three months of the year.

Even with currency changes, the sales in the period hit 13.4 percent to 814.5 million euros or $1.05 billion, which is under the 17.6 percent winnings in the first quarter.

All luxury product categories and regions recorded their increases in the three months with sales ending June 30.

Here's where they ended up:

Japan at 12.7, Americas at 19.8, Europe at 18.4 excluding France which rose at 6.9 percent and Asia-Pacific is at 41 percent.


The brand said:

"Given the sales performance in the first half, the group stands by its target for consolidated revenue growth of 10 percent over the full year at constant exchange rates."

The revenues for the label rose 21.9 percent to 1.59 billion euros, or $2.07 billion.

Leather and saddlery items rose 10.3 percent, perfumes 12.7 percent, ready-to-wear and fashion accessories 21.1 percent, silk and textiles 14.6 percent and all other goods including jewelry and home products hit 49.9 percent.

Hermes has it going on so much that Europe forced Puma to issue a profit warning on Wednesday, which can hinder the brand's killings.

Even Burberry Group plc starting pointing fingers and blamed a “more challenging external environment” for their battle in sales growth. Burberry reported 11.2 percent increase in the second quarter.

Well, it looks like Hermes is really killing the sales game, but the other brands should really stop hating.

Let them get their paper!

[Image via AEDT/WENN.]

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