Luxury Store Expansions Hermès has been expanding its retail presence globally, opening new stores in key luxury markets such as Tokyo, Doha, Bahrain, and Princeton. Leveraging these new locations could provide sales opportunities through increased foot traffic and brand visibility.

Tech Integration With a tech stack that includes SAS, Salesforce, Microsoft Azure, and more, Hermès demonstrates a commitment to leveraging technology in its operations. Exploring partnerships or offering technology solutions tailored to luxury retail can open doors for sales collaborations.

Exclusive Product Launches Hermès consistently launches exclusive and innovative products like the recent model lineup called CUT at Watches & Wonders Geneva 2024. Collaborating on the promotion and sale of such unique products can attract high-end customers and boost sales revenue.

Environmental Sustainability Focus Hermès places a strong emphasis on sustainability, as seen in their installation at Salone del Mobile that champions sustainability while honoring artisanal heritage. Positioning eco-friendly products or sustainable initiatives could resonate with environmentally conscious consumers, unlocking new sales avenues.

Legal Representation Opportunity By hiring legal representation from Latham, Hermès is actively protecting its brand reputation and intellectual property rights. Legal service providers specializing in luxury brands could explore partnerships with Hermès to offer comprehensive legal solutions, creating potential sales partnerships.