Hermès Palo Alto
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I was at Stanford near NM today for a quick errand. Does anyone know if Hermes has opened its doors?
I was in the SF store last week. A SA there told me the new Stanford Center store will open around the same time as the remodeled SF re-opening, likely late 2018!! 
(The SF remodel will take about 1 1/2 years, which begins after the temporary Maiden Lane / Post St. store opens this spring.)
She did note that befitting Palo Alto, this store will be the most technologically advanced H store in the world. There will be a room-sized Birkin that you will walk into to utilize a build-a-bag special order service where all of your options will be shown to you on a giant screen. Should be fun!
(The SF remodel will take about 1 1/2 years, which begins after the temporary Maiden Lane / Post St. store opens this spring.)She did note that befitting Palo Alto, this store will be the most technologically advanced H store in the world. There will be a room-sized Birkin that you will walk into to utilize a build-a-bag special order service where all of your options will be shown to you on a giant screen. Should be fun!
I was in the SF store last week. A SA there told me the new Stanford Center store will open around the same time as the remodeled SF re-opening, likely late 2018!!
She did note that befitting Palo Alto, this store will be the most technologically advanced H store in the world. There will be a room-sized Birkin that you will walk into to utilize a build-a-bag special order service where all of your options will be shown to you on a giant screen. Should be fun!
Exciting news! Give us almost 2 years to save some pennies for new bags and accessories.
Only three new stores this year and none in the US. Palo Alto will definitely be a 2018 event. 
Record profits at Hermes underscore luxury sector's upturn
ReutersMarch 22, 2017
By Dominique Vidalon
PARIS (Reuters) - French luxury goods group Hermes (HRMS.PA) said it had started this year on a solid footing after announcing record 2016 profits on Wednesday, providing further evidence of a broader recovery in the luxury goods industry.
Hermes, known for its $10,000 Birkin bags and $400 printed silk scarves, followed larger rivals LVMH (LVMH.PA) and Kering (PRTP.PA) - owner of Gucci and Yves Saint Laurent - in reporting an improvement in the sector although it was still cautious.
Chief Executive Axel Dumas said Chinese tourists were returning to Europe, but numbers were not yet back to previous levels, and many were favoring Britain and Italy "to the detriment of France".
"We did better than we expected in 2016 and we are entering 2017 on a solid base but remain cautious in view of an uncertain environment," Dumas told a conference call, after the group announced a 13 percent rise in 2016 net profit to 1.1 billion euros ($1.2 bln).
It increased its dividend by 12 percent although analysts at Bryan Garnier said there was some disappointment it did not pay out a special dividend. Its shares, which hit a record high this month, were down 0.5 percent at 426.20 euros in mid-session trading.
The luxury industry has suffered in the past couple of years as demand in China slowed and attacks in France deterred some tourists from Europe.
Hermes's sales growth last year mainly stemmed from a strong performance at its leather goods arm, which makes up 50 percent of group sales.
Dumas did not give a detailed guidance for 2017. He said the group was looking at capital expenditure of between 280 million and 300 million euros, opening three stores in China, Brazil and Turkey and launching a new perfume. He ruled out following larger rivals LVMH (LVMH.PA) and Kering (PRTP.PA) into eyewear.
Hermes shares rose 25 percent last year and are up nearly 10 percent since the start of 2017, hitting a record high of 436.90 euros this month.
Analysts at CM-CIC Securities said they now looked expensive.
According to Thomson Reuters data, Hermes is trading on a price-to-earnings (P/E) ratio of 46 - while LVMH is on a P/E ratio of 25 and Kering is on 36.
Hermes said it was keeping an "ambitious" medium-term goal for revenue growth at constant exchange rates.
Several analysts expect the luxury goods sector to benefit this year from improved consumer sentiment in China, tax cuts under the new U.S. administration and robust Middle Eastern demand due to firmer oil prices.
Record profits at Hermes underscore luxury sector's upturn
ReutersMarch 22, 2017
By Dominique Vidalon
PARIS (Reuters) - French luxury goods group Hermes (HRMS.PA) said it had started this year on a solid footing after announcing record 2016 profits on Wednesday, providing further evidence of a broader recovery in the luxury goods industry.
Hermes, known for its $10,000 Birkin bags and $400 printed silk scarves, followed larger rivals LVMH (LVMH.PA) and Kering (PRTP.PA) - owner of Gucci and Yves Saint Laurent - in reporting an improvement in the sector although it was still cautious.
Chief Executive Axel Dumas said Chinese tourists were returning to Europe, but numbers were not yet back to previous levels, and many were favoring Britain and Italy "to the detriment of France".
"We did better than we expected in 2016 and we are entering 2017 on a solid base but remain cautious in view of an uncertain environment," Dumas told a conference call, after the group announced a 13 percent rise in 2016 net profit to 1.1 billion euros ($1.2 bln).
It increased its dividend by 12 percent although analysts at Bryan Garnier said there was some disappointment it did not pay out a special dividend. Its shares, which hit a record high this month, were down 0.5 percent at 426.20 euros in mid-session trading.
The luxury industry has suffered in the past couple of years as demand in China slowed and attacks in France deterred some tourists from Europe.
Hermes's sales growth last year mainly stemmed from a strong performance at its leather goods arm, which makes up 50 percent of group sales.
Dumas did not give a detailed guidance for 2017. He said the group was looking at capital expenditure of between 280 million and 300 million euros, opening three stores in China, Brazil and Turkey and launching a new perfume. He ruled out following larger rivals LVMH (LVMH.PA) and Kering (PRTP.PA) into eyewear.
Hermes shares rose 25 percent last year and are up nearly 10 percent since the start of 2017, hitting a record high of 436.90 euros this month.
Analysts at CM-CIC Securities said they now looked expensive.
According to Thomson Reuters data, Hermes is trading on a price-to-earnings (P/E) ratio of 46 - while LVMH is on a P/E ratio of 25 and Kering is on 36.
Hermes said it was keeping an "ambitious" medium-term goal for revenue growth at constant exchange rates.
Several analysts expect the luxury goods sector to benefit this year from improved consumer sentiment in China, tax cuts under the new U.S. administration and robust Middle Eastern demand due to firmer oil prices.
Was at Stanford mall yesterday. Site is covered up, but signs all refer to the mall. I am used to seeing the big orange box covering building sites - nothing remotely H or orange in sight.
Meanwhile, the Eileen Fisher did a remodel and it only took a couple of months. Can't figure out why the H buildout is taking so long!
Meanwhile, the Eileen Fisher did a remodel and it only took a couple of months. Can't figure out why the H buildout is taking so long!
My SA at the SF location told me that their new site would be opening up around mothers day 2017! I doubt that means anything for the Palo Alto site which I am super excited about, but I wonder what's the real info with the SF spot.I was in the SF store last week. A SA there told me the new Stanford Center store will open around the same time as the remodeled SF re-opening, likely late 2018!!
She did note that befitting Palo Alto, this store will be the most technologically advanced H store in the world. There will be a room-sized Birkin that you will walk into to utilize a build-a-bag special order service where all of your options will be shown to you on a giant screen. Should be fun!
Nothing is happening in Palo Alto...My SA at the SF location told me that their new site would be opening up around mothers day 2017! I doubt that means anything for the Palo Alto site which I am super excited about, but I wonder what's the real info with the SF spot.
2018 right? Not in a few weeks?My SA at the SF location told me that their new site would be opening up around mothers day 2017! I doubt that means anything for the Palo Alto site which I am super excited about, but I wonder what's the real info with the SF spot.
My SA at the SF location told me that their new site would be opening up around mothers day 2017! I doubt that means anything for the Palo Alto site which I am super excited about, but I wonder what's the real info with the SF spot.
Do you mean the temp location for the SF store? I called the other day and a recording said that it will re-open soon (if not already. I want to guess that it mentioned reopening the first week of April, but I can't remember). When I called they were closed for the move. The updated store will open sometime in either 2018 or '19. No clue about Palo Alto...
maybe that's what she was talking about... because she said that the move was this year... coming up very soon. So I guess that is the temporary location
That must be it
The temp location is right around the corner from the original store.