2013 was a good year for Hermès | RetailDetail

2013 was a good year for Hermès

2013 was a good year for Hermès

French fashion company Hermès has had an excellent fiscal year, with profit and turnover increases in 2013, which means it outperformed plenty of competitors in the luxury branch.

Growth in all regions and branches

The full-year turnover reached 3.76 billion euro, a 7.8 % increase that was mostly due to higher sales in its own stores (+13 %). Turnover grew in every region: Asia (without Japan) grew turnover 16 %, Japan itself 7%. America 14 % and Europe had a 12 % increase.

 

The ‘ready-to-wear and accessories’ division grew the most, with an 18 % increase, ‘Perfumes’ went up 15 %, ‘Silk and textiles’ 12 % and leatherwear grew 9 %. Strong growth in 2012 meant that Hermès watches only grew 1 % this past year.

 

Operational margin at record height

These results helped Hermès’ operational margin to reach record heights: 32.4 %, with net profit at 790 million euro, which is in itself a 6.8 % increase compard to 2012 (at 740 million euro).

 

Hermès wants to continue on this path in 2014:  basing its long-term strategy on creativity, maintaining control over its know-how, expanding its distribution network, strengthening its production capacity and protecting its supply sources, the company said.

 

Questions or comments? Please feel free to contact the editors


Discounters' major opportunities for growth in Western Europe

16/07/2018

Despite the multitude of stores in most European markets, discounters plan to open up to ten million square metres of store surface in five years' time. Even in so-called saturated markets they still see a lot of chances for growth, LZ Retailytics says.

Contamination bites huge chunks of Greenyard's value

16/07/2018

Vegetable producer Greenyard is under attack after a listeria contamination in its Hungarian factory. The company says to have taken all necessary measures, but the share price plummets.

Starbucks dumps plastic straws worldwide

12/07/2018

American coffee company Starbucks will ban plastic straws in their stores starting from 2020. A small step for coffee enthusiasts, but a big step for the environment, as the coffee giant uses about a billion straws every year.

AB InBev joins forces with Efes in Russia

12/07/2018

In order to counter the decline of their success on the Russian market, Belgian beer giant AB InBev has placed its activities in Russia in a joint venture with Turkish Anadolu Efes.

Jumbo appoints new head of Belgian branch

11/07/2018

Dutch Jumbo Groep Holding has made a management reshuffle, with Peter Isaac becoming the new managing director of the group's Belgian branch. Bart van den Nieuwenhof meanwhile is set to leave the group's restaurant chain La Place.

Snacks boost Pepsico’s sales

10/07/2018

Snack and beverage giant Pepsico has recorded a slight revenue growth of 2.4 % in the second quarter of this year. Net profit however went 14 % lower, due to rising taxes.