PARIS — Confirming strong global demand for luxury goods, Hermès International on Wednesday reported that sales jumped 25.5 percent in the first quarter, as shoppers snapped up its iconic silk scarves, watches and perfume.
Despite the better-than-expected results, the French luxury firm stuck to its conservative guidance for 2011, saying prospects for the rest of the year were uncertain in light of the catastrophe that struck Japan, which accounts for 16 percent of sales.
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)