Hermes also has a strong financial position. Their revenues increased every year from 2008
to 2012. Their stock price on September 24th 2012 was €213.40 per share which is high compared to
other companies. Hermes’s distribution network is also one of their competitive advantages. They
have about “5,632 Women's Accessory & Specialty Stores” (M.L. Cohen, 2011) all over the world
which is a huge distribution network that costly and difficult for other competitors to imitate.