EU: Sales Momentum Of Leather Products Drives Enterprise Performance
Todd
and
Hermes
The luxury brand reported that the third quarter was a positive growth rate, and the result was strong.
Leather products
Sales momentum led to sales growth of 15.5% and 8.9% respectively.
Todd's sales volume from January to September was 609 million 100 thousand euros, an increase of 8.9% compared with last year.
Revenue grew 20.4% in 2010 to 157 million 400 thousand euros.
The company said its handbag and its accessories were "gratifying" in the first 9 months of this year.
The total income of leather goods and accessories is 88 million 600 thousand euros, an increase of 3.3% over the same period in 2009.
At the same time, the annual sales growth of Hermes is 15%.
With its sales in the third quarter reaching 590 million 100 thousand euros, the 20% growth rate has been achieved in the first 9 months of this year, with sales growth of 1 billion 700 million euros.
Hermes reports that gross profit margin will rise 2% in the whole year, and they plan to innovate 20 stores, and will also open a new store in Paris.
Hermes said that most of the sales growth was achieved in its own stores. At the same time, they also benefited from the positive exchange rate between the US dollar and the yen.
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