an effort to sound profound
mixed bag. Overall group revenue was up 14pc to £1.03bn Hermes lindy in the six months ended September 30 and the revenue growth rate accelerated, from 8pc at the same point last year.Christmas hopes on new ranges such as Toybox characters for two-year-olds and the roll-out of click-and-collect services at its Early Learning Centres. Retail revenue, which is responsible for two-thirds of the group total, increased by 17pc to £694m, driven by coat and bag sales in Asia and Europe. There was no detail on margins but, in the latest full-year update, adjusted retail operating margin increased to 17.8pc from 16.4pc the year before. New store openings, which are a key part of the growth strategy,
were a net six in the first half, including two in China. in an effort to sound profound, when a much simpler word exists. You will often hear management and investment analysts talking about granular data or granularity. Detail is a perfectly good word. Sometimes the word used is not intended to convey an impression of profundity but has a pejorative or critical tone. I have lost count of the number of failed bankers and CEOs whose pension “pot” has been the subject of critical reporting and subsequent rage. I wonder if they would have suffered the same Hermes new sonctancefate if it was correctly described as a pension fund. A pot is a type of container. There are also some expressions that you should be wary of. If someone tells you they are “reaching out” to you, you might ask how this is different to or better than contacting you. And, of course, be wary of anyone who begins a statement with “to be honest”, as it begs
the question of whether they are normally dishonest. Always b Wholesale is having a Hermes ostrichtougher time. Revenue, excluding sales from beauty products, was down 7pc to £244m in the first half. Burberry said it expected full-year wholesale revenue to be largely flat on the prior year. Burberry decided to terminate a licence agreement for the sale of fragrances, so the beauty products division is now reported separately. Beauty sales, which include products such as men’s fragrances, were £51m in the first half. Management needs these t