Hermès makes 4.5 million a day in Wuhan while China struggles

Hermès makes 4.5 million a day in Wuhan while China struggles

It’s a bizarre time for China’s marketplace. Revenge shopping still exists, as Hermès’ new boutique in Wuhan shows by generating 4.45 million USD in revenue on its opening day. But the context remains cloudy. According to Barclay’s analysts, Hermès’ boom is a foreseeable phenomenon that is part of a complex trend. A trend that will…

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