It was a day of mixed fortunes for luxury retailers on Thursday, with different brands taking very different turns. One analyst said the moves typified of the growing divergence in the sector.
France's Hermes - maker of the iconic Kelly and Birkin leather handbags - posted a solid set of numbers Thursday morning whilst hiking its divided. Its 2013 earnings release reported an operating income which had climbed 8.9 percent from the year before. It also saw resilience in Asian sales, highlighting a 16 percent rise in sales in the region (excluding Japan).
This comes as many high-end retailers have been burnt in China, with new rules cracking down on corruption and the receiving of gifts within the public sector. Hermes also announced that it was continuing to expand its distribution network with the launch of two new branches in Ningbo, China, and Nagoya Mitsukoshi, Japan.
(Read more: Chinese wealthy pull back on luxury spending)