Hermès Keeps Flying Higher Reporting 9% Sales Jump

SummaryHermès saw a 9% sales increase in Q2, maintaining strong performance amidst the luxury slump by using price hikes to offset US tariff.Luxury fashion label Hermès has reported that its Q2 earnings showed a 9% year-over-year increase in sales, continuing to demonstrate its strong performance amid the luxury sector's ongoing sales slump. The Birkin bag maker claims that its recent price increase strategy has been well-received by its customer base, enabling the company to pass on controver...