Pursuits
Burberry, Hermes Signal U.S. Slowdown on Heels of Asian Slump
- Hermes sales growth slowed to 2 percent in Americas region
- Burberry CFO Fairweather says consumer sentiment hurting
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Hermes International SCA and Burberry Group Plc reported sputtering sales growth in America, adding to the woes of luxury-goods makers already reeling from an Asian slump.
Hermes’s revenue in the Americas rose 2 percent in the third quarter, slowing from 11 percent in the preceding three months, the French maker of Birkin bags said Thursday. London-based Burberry reported decelerating second-quarter sales in the U.S., the world’s biggest luxury market.