Hermes Expects Sales Growth In The Americas To Be At Least Flat This Year.

France Luxury goods company Hermes (Hermes International SCA) (RMS) said on Wednesday that the company is expected to be in the Americas next year. market Sales growth will be at least as flat as in 2011, because shoppers in this market value product quality.

In an interview today, Patrick, chief executive of Hermes, said: "sales are expected to achieve adequate growth in Patrick", "Thomas said." "We expect no slowdown in sales growth in the Americas in 2012," he said. Previously, he said in December 12th that under the uncertainty of the economic outlook, "people decided to pursue product quality instead of luxury."

Thomas said he was not very concerned about the consequences of the sovereign debt crisis in the eurozone because he had already received orders for bags and other products beyond his capacity. He said that Hermes will slow down the pace of expansion in the retail market next year because "if there is no demand, there is no need to open shops".

Hermes's revenue growth has been hampered by capacity constraints. Thomas said last month that Hermes plans to build two leather products factories in the French domestic market in 2012 to meet the growing demand in the market. Hermes expects its sales to grow by a maximum of 16% in 2011. Antoine Belge, an analyst at HBC, once said that despite its challenging economic environment, Hermes will remain one of the fastest growing luxury goods companies because of its distinctive position in the luxury market. Antoine,

In the first 9 months of 2011, sales of the Hermes in the Americas market (excluding the impact of exchange rate changes) increased by 30% over the same period last year, lagging behind the company's sales growth in the Asia Pacific market. Excluding sales from the Japanese market, Hermes's sales in the Asia Pacific market in the first 9 months of this year (excluding the impact of exchange rate changes) increased by 32% over the same period last year.