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Hermes Reopened in China and Reported Record sales



French luxury fashion house Hermes opened its flagship store in Guangzhou, China after a two-month break.
Hermes

French luxury fashion house Hermes opened its flagship store in Guangzhou, Guangzhou after a two-month break. According to Esquire, the first day of operation brought store revenue of 19 million yuan, equivalent to 2.7 million dollars. 

The store, located in the Taikoo Hui Guangzhou shopping mall, brought rare handbags for its opening, including the Himalayan Birkin crocodile leather - one of the most expensive in the brand's history. 

After a long quarantine, the opening of Hermes attracted a lot of interest from wealthy residents of Guangzhou and Guangdong Province as a whole. Bags, shoes, leather accessories and interior items were the most popular items in the store. 

Experts note that the opening of Hermes after a two-month pause has created a "buy-back effect" and gives hope to other luxury goods sellers to restore demand after the record market decline since early 2020.

More about shopping malls in China



YESTERDAY:
The spaces, designed in Hermès colors, will appear in Paris, Tokyo, New York and other cities around the world.
DAY BEFORE YESTERDAY, USA:
The iconic store will close after 14 years of operation.
DAY BEFORE YESTERDAY, Italy:
The automaker plans to open stores in the new concept in the world's major metropolitan cities.
Oct 1, 2022, Spain:
The new store on Paseo de Gracia reflects the brand's British style
Sep 29, 2022, Russia:
The third quarter was strongly influenced by the decision to cease sales in Russia and the subsequent closure of the business.
Sep 28, 2022, United Kingdom:
IKEA cooperates with British grocery giant Tesco, launching a new service.
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