nervous times for retail sector ahead of apple event
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Fake Hermes Sales growth at constant exchange rates could reach 15% 16% this year, Herms said in a statement. This compares with a previous forecast of 12% 14%.”Meeting this target will be highly contingent on the business sectors’ ability to meet stepped up demand ahead of the year end holiday season,” Hermes added. Over the full year, the current operating margin is expected to be slightly higher than the record level achieved in 2010.The upbeat outlook from Herms comes after luxury peers such as Burberry, LVMH and PPR posted forecast beating quarterly figures and said they saw no slowdown in spite of global economic concerns.Analysts had expected Herms to post third quarter sales growth of 17%.Herms said that a “remarkable growth trend” seen in the Americas and Asia, excluding Japan, in the first half of the year had continued in the third quarter, with sales up 22% and 34% respectively.Click the Adblock/Adblock Plus icon, which is to the right of your address bar.On Adblock click “Don’t run on pages on this domain”.If you are Private Browsing in Firefox, “Tracking Protection” may cause the adblock notice to show Fake Hermes.