• Burberry sales and prof­its Grow

Perfect Sourcing - - Inside -

Fol­low­ing its more-lux­ury-fo­cused strat­egy shift, Burberry has made “good ini­tial progress” and is see­ing “pos­i­tive early signs from re­tail and whole­sale cus­tomers. Its col­lec­tions “res­onated with new cus­tomers and top-tier clients,” and its “re­tail ex­cel­lence pro­gramme sup­ported in­creased con­ver­sion in all re­gions. In purely fi­nan­cial terms that trans­lated into rev­enue down 1% at £2.733 bil­lion on both a re­ported and cur­rency-neu­tral ba­sis, rev­enue with beauty whole­sale fac­tored-out was ac­tu­ally up 2%, reach­ing £2.66 bil­lion

The com­pany said re­tail com­pa­ra­ble store sales rose 3%, much bet­ter than the 1% of a year ear­lier, de­spite its clos­ing 20 stores.

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