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Stock impact report

Hermès to Open a Third Freestanding Store in New Jersey This Week [Yahoo! Finance]

KERING SA UNSP/ADR (PPRUY) 
NASDAQ:AMEX Investor Relations: kering.com/en/finance
Company Research Source: Yahoo! Finance
The shop, Hermes's 36 th in the U.S. , is located in a brick corner building in the heart of Palmer Square, the town's main shopping district, and is the brand's third store in the state. The others are located in the American Dream and Short Hills malls and while the Princeton unit is slightly small, according to Hermes's U.S. president Diane Mahady, it is distinct because it is freestanding and in an historic building. More from WWD Hermès Bucks Luxury Slowdown as Jewelry, Home and Leather Goods Flourish High Jewelry Is 'Recession Proof,' Tiffany & Co. CEO Says Ahead of 2024 Blue Book Launch in L.A. Réalisation Par's Alexandra Spencer and Teale Talbot on the Power of Retail “It was challenging due to the historic constraints of the building itself,” she said, noting that the store was “three years in the making, but our team created a beautiful little jewel.” The store was designed by the Parisian architecture agency RDAI and was inspired by the local academic culture. Show less Read more
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