PARIS — Hermès International reported on Tuesday that its second-quarter sales beat expectations with a 17.9 percent jump, thanks to strong momentum in the United States and China.
The French luxury firm also raised sales guidance for 2011, saying it now expects revenue growth of 12 to 14 percent at constant exchange rates. This compares with a previous forecast of average annual sales growth of 8 to 10 percent at constant exchange rates, but remains below the 18.9 percent achieved last year.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)