Beating expectations: Is Hermes immune to the global downturn?
Inside Retail
OCTOBER 28, 2024
Gucci, which accounts for half of the group’s annual sales and two-thirds of its profit, was down 25 per cent in the quarter. Eric du Halgouet, executive VP of finance for Hermes, said during a press call that increased average transaction values across all regions have mitigated the impact of reduced foot traffic.
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