Burberry accessories “outperform” in Q4
15/01/2013
Total revenues for the quarter were £613m, with the British company saying accessories “outperformed”.
Strong sales before Christmas helped drive the growth; mens' accessories were up nearly 40%.
Asia-Pacific and emerging markets saw double-digit comparable store sales growth, with low single-digit growth in Americas and Europe broadly unchanged.
The company is expecting to increase average retail selling space by about 14% by the second half of this year.
CEO Angela Ahrendts said: “Burberry delivered 13% underlying retail growth in the third quarter, benefiting from a particularly strong week in the run up to Christmas. We expect the external global environment to remain challenging, but see continued opportunities to drive productivity in our existing business, while investing for growth in under-penetrated regions, product categories, channels and mediums.”
Share this story:
