Hermes CEO "rather pessimistic" on sales

Hermes CEO was "rather pessimistic" on next 15 months. "My expectations for the 15 months to come are rather pessimistic. We are in the middle of the crisis and unfortunately there is no massive bounce to be expected in the short-term." The sales of luxury companies declined during the economic downturn. However, Hermes Company keeps opening stores at the same rate as before. Hermes bags maintain the staple products that contribute high proportion of the total sales. Have you prepared the plan for Christmas purchase? How lucky you are if you receive a Hermes Birkin.