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Retail

Hermés, hit by pandemic-related store closings, sees 24pc drop in first-half sales

July 31, 2020

Hermés is off its stride due to the fallout of COVID-19 lockdowns, travel restrictions and store closures. Image credit: Hermés Hermés is off its stride due to the fallout of COVID-19 lockdowns, travel restrictions and store closures. Image credit: Hermés

 

By Luxury Daily News Service

Hermés, in line with its peers LVMH, Kering and Richemont, saw a major slump in revenue over the second quarter and the first six months of the year as COVID-19 lockdowns and travel restrictions took a toll on retail-store operations.

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