Sales soar at Burberry
It appears that economic concerns have not yet hit high-end consumers if the results from British luxury company Burberry Group plc are anything to go by. The firm reported a 26% rise in sales for the three months ended December 31 as retail revenue grew 14% while wholesale sales improved a massive 74%.
Commenting on the company’s impressive performance, Angela Ahrendts, chief executive, said: “In the third quarter, Burberry delivered 26% sales growth, with solid double-digit growth in all channels and regions, notwithstanding economic and internal infrastructure challenges. This performance reflects the continued appeal of our new product and marketing strategies globally, and particularly in our high growth, under-penetrated regions including the United States, China and emerging markets.”
