Hermès Has 20% Gain in U.S. Watch Sales

Hermès, the French luxury goods group, posted an 8.2% increase in revenues to US$1.04 billion (2.1 billion euros) for 2001, it says. The company's best-performing division was watches. While some luxury groups posted small or no gains in watch sales for 2001 because of economic slowdowns and the impact of the Sept. 11 attacks, Hermès's watch sales rose 13% worldwide (about 155,000 watches) and more than 20% in the United States. The U.S. market accounts for 10% of Hermès's business. It was "a very good year" for the business, Hermès USA president Guillaume de Seynes told JCK, and "provides the momentum" for continued growth here. Aiding that growth is a new marketing program aimed at retailers and consumers. The program features annual photo albums of Hermès collections by some of the world's leading fashion photographers, starting this year with photographic considerations of t
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out