×
32 784
Fashion Jobs
FOOT LOCKER
Senior Product Manager (Membership)
Permanent · Chicago
FOOT LOCKER
Security Guard
Permanent · New York
NORDSTROM INC
sr. Business Intelligence Analyst - People Analytics
Permanent · Seattle
NORDSTROM INC
la Mer Business Manager Streets at Southpoint
Permanent · Durham
NORDSTROM
Asset Prevention Security Ambassador Northtown Mall Rack
Permanent · Spokane
NORDSTROM INC
Loss Prevention Agent Montgomery
Permanent · Bethesda
NORDSTROM
Loss Prevention Security Ambassador North Point Market Center Rack
Permanent · Alpharetta
NORDSTROM INC
Security Ambassador 2- 3rd Shift - Elizabethtown, PA
Permanent · Elizabethtown
NORDSTROM
Loss Prevention Security Ambassador Riverwalk Outlets Rack
Permanent · New Orleans
NORDSTROM INC
Inventory Integrity & Quality - Area Manager - Tue-Fri 3:00pm-1:00 am - Dubuque, ia
Permanent · Dubuque
NORDSTROM INC
District Manager, Asset Protection – co/ut/id
Permanent · Westminster
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Lorain
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Evesham
L'OREAL GROUP
l'Oreal Usa, Retail IT Systems Administrator
Permanent · New York
L'OREAL GROUP
l'Oreal Usa, IT Senior Manager, SEO & Site Performance Lead
Permanent · New York
L'OREAL GROUP
l'Oreal Research & Innovation, Vice President & Patent Counsel
Permanent · Clark
MARSHALLS
Loss Prevention Detective
Permanent · Denver
TJ MAXX
lp Detective
Permanent · Williamsport
TJ MAXX
lp Detective tj Maxx-Downtown, Brooklyn
Permanent · New York
TJ MAXX
lp Detective
Permanent · Williamsport
TJ MAXX
lp Detective Atlanta Ponce Deleon
Permanent · Atlanta
HOMEGOODS
lp Detective
Permanent · Danvers
By
Reuters API
Published
Sep 12, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

French handbag maker Hermes posts record first half margins

By
Reuters API
Published
Sep 12, 2018

France's Hermes on Wednesday said operating margins reached a first-half record at the start of 2018, after resilient demand in key markets like China helped the luxury handbag maker and most of its major rivals lift profits.


Hermes - Spring-Summer2018 - Womenswear - Paris - © PixelFormula


The label, known for its $10,000 (£7,687)-plus Birkin bags and patterned silk scarves, said recurring operating income reached 985 million euros (£877.29 million) between January and June, up 6 percent from a year earlier.

That did not include one-off items such as the disposal of shops in Hong Kong.

Recurring operating margins reached a first-half record at 34.5 percent of sales, up from 34.3 percent in the first six months of 2017.

Luxury goods makers from Louis Vuitton owner LVMH to Gucci-parent Kering have benefited in the past two years from rebounding appetite from Chinese shoppers for their fashion ranges and handbags, boosting sales.

In July, Hermes reported robust revenue growth for the second quarter from a year earlier, and said demand in China was still strong in spite of a trade spat between Beijing and Washington.

That remained the case, Hermes Chief Executive Axel Dumas told journalists on Wednesday.

"There has not been any change in trend so far," Dumas said.

Chinese consumers are key for luxury brands, accounting for around a third of all global sales in the industry. Fears of a slowdown in Chinese had rattled shares across the sector in recent months.

Shares in Hermes, one of the most highly-valued stocks among luxury players, are up 20 percent since the start of the year.

© Thomson Reuters 2021 All rights reserved.