Hermès quarterly turnover up 8 % | RetailDetail

Hermès quarterly turnover up 8 %

Hermès quarterly turnover up 8 %

French luxury group Hermès saw its turnover grow 8 % in the first quarter, when considering constant exchange rates. Including exchange rate effects, turnover grew nearly 20 %.

Growth for most product groups

Especially its Japanese branch grew, up 15 %, while Asian turnover in general went up 8 %. American and European turnover also grew, respectively + 8 % and + 5 %.


The Leather Goods & Saddlery division was the best performing branch with a 12 % turnover increase, while Ready-to-wear & Accessories also grew double digits (+ 10 %). Perfumes had a minimal growth, only 1 %, thanks to the launch of 3 new perfumes. The watch market did not help Hermès' turnover that much, as it dropped 3 %. The remaining product groups within Hermès grew 8 %, mostly thanks to additional jewelry sales.

Questions or comments? Please feel free to contact the editors

Spar makes ambitious entry into Greece


Spar International has set its sights on Greece as the next country to conquer and lead as the foremost independent food retail chain. Spar Hellas will cooperate with Asteras and Mesis to develop more than 500 Spar stores over the next four years.

Dr. Oetker buys half of Freixenet


Henkell, which is Dr. Oetker’s drinks division, has acquired slightly more than half of cava brand Freixenet’s shares. Following two years of negotiations, both companies struck a deal, even though the German food giant will not reign supreme at Freixenet.

Picnic confirms German arrival


There had been rumours that Dutch online supermarkets Picnic was trialing in Germany, news its co-founder Michiel Muller has now confirmed.

Délifrance joins FFC's portfolio


Dutch Franchise Friendly ConceptsDélifrance Benelux acquisition is in full swing. The franchise organization will obtain the French sandwich chain’s Benelux master franchisee on 1 April.

IKEA has developed actual "bug burger"


SPACE10, furniture giant Ikea’s innovation lab, will present a healthy alternative to the classic hamburger, where the meat is replaced by red beets and mealworm. It is also working on a “dogless hotdog”;

Supermarkets' price difference with neighbouring countries grows


Belgian supermarkets are increasingly more expensive than those in neighbouring countries according to Prijzenobservatorium’s research. Shoppers in France, Germany and the Netherlands quickly pay 10 % less.

Back to top