Small fourth quarter setback for Hermès | RetailDetail

Small fourth quarter setback for Hermès

Small fourth quarter setback for Hermès
Shutterstock

French fashion brand Hermès’ fourth quarter turnover dropped 0.4 % but its full-year results were great, with a 7 % turnover increase and improved margins compared to the year before.

 

Growth in every region

Hermès’ total turnover for 2017 reached 5.549 billion euro, which would have been a 9 % increase if exchange rates had remained stable. Now, it was a 7 % increase. Fourth quarter turnover improved 4.6 %, but exchange rates turned that into a 0.4 % drop.

 

Growth in its full fiscal year is because of growth in every single region: Asian turnover (excluding Japan) grew 11 % and Japanese turnover 4 %. North and South American turnover jumped 8 %, mainly thanks to excellent American results. Europe also posted an 8 % increase, thanks to new store openings in London, Munich and Copenhagen. Every single division also improved its turnover: perfume and leatherwear shot up 10 % and ready-to-wear & accessories followed suit with a 9 % increase.

 

Hermès will only publish its full-year results on 21 March, but did reveal a bit: it forecasts higher margins than last year. It will also work on a new website, which should launch in Europen by the end of the first quarter.

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Carrefour forced to shut down hundreds of Dia stores

22/05/2018

Carrefour has not found a buyer for hundreds of its former Dia stores in France yet. That may force nearly 230 stores to shut down.

Komono wants to reach 10 physical stores this year

17/05/2018

Belgian accessory label Komono wants to double its number of physical stores to ten this year. “The stores are important to tell our story”, Anton Janssens and Raf Maes told De Standaard.

Hema has to pay Levi's millions

17/05/2018

Store chain Hema needs to pay a 4.4 million euro fine to jeans brand Levi’s after the latter went to court because Hema applied its V-shaped stitching to its own collection.

Suitsupply suffers losses because of expansion

15/05/2018

Dutch Suitsupply has experienced a decent turnover growth last year, but its net result tumbled below zero because of its huge investments. Nevertheless, that is the only way forward according to its founder, whose focus is still fixed on the United States.

Starting this Friday, Belgium has its own national e-commerce event

15/05/2018

Move over, Black Friday! This week, Belgium launches its own national e-commerce event as Jack & Jones, Kiabi, La Redoute, Sarenza, Tape à l'Oeil and Veritas organise the first Belgian Friday.

HelloFresh increases turnover forecast

14/05/2018

Mealbox delivery service HelloFresh has increased its 2018 forecast: the German company now expects a 35 % growth, up from its previous 30 % increase forecast. Positive results in the United States, which has become the company’s main market, were the main reason for its adjustment.