Hermes sales defy luxury slowdown

Quick Summary:

Birkin bag maker remains one of the industry’s strongest performers.

Hermes is one of the most reliable performers in luxury even in more difficult times, benefiting from its ultra high-end positioning, carefully controlled distribution and wealthy client base.

Sales have nevertheless slowed since the start of the year, coming down from 17 per cent growth in the first quarter.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaJapan

Topics: Year Cent Bags Luxury Maker Sales Birkin Model Hermes Billion Quarter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 09:01:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 584 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21778663

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 61 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 3 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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Publisher ID: #27

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