On the first day the store opened its doors, the Hermès flagship store in Guangzhou earned more than $ 2.7 million.
The economy in China is starting to stabilize. More than 80% of businesses were able to recover by early April. Customers begin to return to the luxury goods market. Some representatives of companies such as Louis Vuitton and Porsche are forecasting an increase in demand for their products by the end of 2020 in China.
The Hermès store in Guangzhou is an excellent example of a stabilizing Chinese economy. Representatives of Hermès in China have not yet verified the sales figures, but many VIP customers have documented their purchases on social networks.
The revenue of Hermès brings hope for the speedy recovery of the global fashion industry after the quarantine ends.