Hermès holds first in-store sale in China
French luxury maison Hermès held a sale last week at the Hyatt Regency Hotel in Hangzhou in Eastern China to clear unsold stock accumulated over the past two to three years. Most of the items available were men and women’s apparel and shoes, which carried discounts of 20%-50%. Hermès is usually hosting such sales when relocating or refurbishing a store, the most recent one being held in Beverly Hills, where Hermes reopened its flagship store following an extensive renovation. Hermes holds such sales in temporary venues, most often outside its stores.