Hermès store in London, courtesy of 2cvtv.com
Hermès shows resistance in luxury downturn (The Globe and Mail)
“We have seen a slowdown in sales growth since October but we are still growing,” says Hermès finance director Mireille Maury.
Bally to Launch E-Commerce (WWD)
Bally, the Swiss luxury brand joins in on the e-commerce game. (Subscription required)
Polo Ralph Lauren’s Net Falls 6.6% (WSJ)
Ralph Lauren Q3 earnings fell 6.6%, and plans to cut back on their fiscal outlook this year were reviewed.
LVMH says January “not bad,” no 2009 outlook (Reuters)
LVMH Chief Executive Bernard Arnault said on Thursday January was ‘not a bad month’ with sales rising.