Hermes Opens New Store In Elements, Bread Airplane To Celebrate

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Although Elements in Kowlong has opened for almost two years, there are still many new stores opened currently and Hermes new store is one of them. With an area of 158 square meters, the Hermes new store has a microscler design. The 23 meters curved glass curtain wall is accented with copper stripes, and such distintive design faintly shows the decoration of the display windows. In order to celebrate the opening of new store, the brand has specially made a bread airplane to exhibit in the hall of the mall.

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Luxury Tycoon Hermes Strengthens The Development Of Its Exclusive Stores

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French luxury goods tycoon Hermes Group has published its mid-year financial report a few days ago which showed significant increase in the performance of its own-brand stores and therefore, Hermes will strengthen its expansion to enter new markets or open more stores in the existing markets.

The data shows that the total operating revenue of Hermes Group has increased by 7.6% in the first half to 875 million euro. The revenue of its self-own brand exclusive stores increases by 19%. Except in Japan, the revenue of its global exclusive stores has increased. However, its wholesale business of perfumes, watches and accessories have dropped by 22% which is a drag on the growth rate of its overall revenue.

The strong contrast of the two main businesses’ performances, Hermes group has to go with the flow. They announce that they will open eight more exclusive stores by the end of this year, among which three of them will be open in Sao Paulo of Brazil, Istanbul of Turkey, and Panama if Central America and it is the first time for Hermes to go into these three markets. The other five stores will be open at Chinese Taipei, Shenzhen, Hong Kong, Macao and Calgary Canada.

Hermes is also planning to establish its fifth “Maison Hermès” in Shanghai; the other four are in Paris, New York, Seoul and Tokyo.

Hermes starts from making horse gear and has more than 170-year history so far. Its current main lines include leathers, silks, clothes, watches, perfumes and so on. Hermes ranked the second in the Forbes 2009 the World’s Top Ten Luxury Brands list, only second to French luxury brand Louis Vuitton.

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The Total Operaing Avenue of Hermes In The First Half Increased By 7.6%

It’s reported by Textile News of France that the recently published financial report of French luxury tycoon Hermes Group showed that their operating income in the second quarter had increased by 3.9%, that of the leather and saddlery products by 21%, clothes and accessories by 5.4% when textile and silk products by 4.3%. Compared with last year, the total operating revenue of this enterprise has increased by 7.6%, 9% happened in exclusive retail business, but the wholesale sector has dropped by 22%. And the geographical distribution of the business performance suggests that only the markets in France and Asia maintain growth of 0.7% and 4.7% respectively; while the sales in Japan and Europe drop by 9.9% and 2.8%. officials of the group points out that the performance in the first half has given confidence to them to finish their full-year goal. Although the total operating revenue of the enterprise is stable, the main business has declined.

It’s reported that the development strategy of Hermes is to open more exclusive stores, and the group plans to open five more exclusive stores (two in America, one in England, China and South Korea). And basing on these they will open ten more in America and Asia.

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Paris Fashion Week Gaultier Wants To Join Hands With Hermes

French fashion house Hermes is brewing changes and this is caused by Jean Paul Gaultier. It’s said that the designer planned to resign from the post of Creative Director after his last collection release for the fashion house in Paris fashion week this October. Besides designing for the Ready-to-Wear and Haute Couture lines of his own brand, Gaultier also serves as Creative Director of Hermes. It has been almost six years since he took over this position after Martin Margiela lfet in 2003. But the spokesman of Hermes hasn’t commented on this matter.

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During Gaultier’s tenure of office, the release of Hermes has enjoyed high reputation, and great profits as well, and the fashion house even manages to secure its enviable position as a luxury brand in the economic downturn. This July the company has released their positive financial report and announced that by June 30, the sales of the second quarter has rose by 12%, which is 607.4million USD at present exchange rate, with the sales of leather goods increased by 33.4% and that of the ready-to-wear and Haute Couture has grown by 12.7%.

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Hermès Targets Asia and America In The Future

The net profit of Hermès Group in the first half has declined a bit, and the company claimed again that it predicted the full year sales volume would remain stable, and the business performance would drop a little.

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The profits in the first half have reduced by 7% to 125.4 million euro, and the operating income has increased by 7.6% to 874.9 million euro. At a fixed exchange rate, the turnover of Hermès is stable compared with the same period last year.

The operating sales volume has reduced by 2% to 199.8 million euro, and the operating benefits had dropped to 22.8% of the sales volume. On the contrary, the operating benefit by the end of last June was 25.1%. Hermès claimed in the report that, “the trend in the first half has remain stable with annual targets of the turnover at constant exchange rates, at the same time, there has been a slight decrease in performance of daily operations”.

The group plans to open or renovate ten or so exclusive stores, mainly in Asia and the United States.

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Hermes Strengthens The Expanding Development Of Exclusive Stores

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According to the mid-year financial report of the French luxury goods giant Hermes Group, its own-brand exclusive stores had a significant increase in sales volume, and Hermes is planning to strengthen the development of its exclusive store to enter new market or to pick up the pace of opening new exclusive stores in original markets.

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Data shows that the gross operating income in the first half of Hermes Group has increased by 7.6% to 875 million Euros, with the revenue of its own-brand exclusive stores increased by 19%. And the operating income of its exclusive stores across the globe has all gained increase except Japan, but the wholesale business of perfume, watch and accessories had reduced by 22%, which is a drag on the overall revenue growth rate.

The strong contrast between the two main businesses forced Hermes Group surrender to the fact. Hermes claimed that by the end of this year Hermes would open 8 more new exclusive stores, among which three of them would be in Sao Paulo of Brazil, Istanbul of Turkey and Panama in Central America. This was the first time for Hermes to enter these three markets. Besides, the other five exclusive stores would be in Chinese Taipei, Shenzhen, Hong Kong, Macao and Calgary in Canada.

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