Sunday 16 June 2019

Sales rise at luxury fashion brand Burberry

(Stock image)
(Stock image) Business Desk Business Desk

Luxury fashion brand Burberry has reported a 1pc rise in like-for-like global store sales for the 13 weeks to December 29.

Burberry said total retail revenues fell 1pc on a reported basis and dropped 2pc with currency movements stripped out.

It said the division including Europe saw a "small" improvement in tourist spending quarter on quarter.

US sales were hit by falling numbers of shoppers hitting the stores while China saw a "mid-single digit" increase in like-for-like revenues.

Marco Gobbetti, chief executive of Burberry, said the collection due soon from new creative director Riccardo Tisci is hotly anticipated.

He said: "I am pleased with our progress in the quarter as we continued to build brand heat around our new creative vision and shift consumer perception of Burberry.

"Excitement is growing ahead of next month's launch of Riccardo's debut collection.

"We will continue to manage the business dynamically as we reposition the brand. We confirm our outlook for the full year."

Press Association

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