Handbag maker Hermes echoes luxury sales rebound amid online surge


MILAN: Hermes' comparable sales picked up in the third quarter, rising 7%, and the Birkin bag maker said this positive momentum had extended into October after a strong rebound in Asia and surging online revenues.

Luxury goods makers were hit hard by store closures during lockdowns to combat the coronavirus pandemic and sales for the industry as a whole are expected to fall by up to 35% this year - an unprecedented plunge after a decade of stellar growth.

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Hermes , Louis Vuitton , LVMH , Birkin

   

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