Large leathergoods drive growth at Burberry
UK-based luxury brand Burberry Group has reported a 17% rise in revenues for the six-month period ended September 30.
Retail revenue was up 20%, while wholesale revenue was up 17% and comparable store sales rose 9%.
According to the company, outerwear and large leathergoods were responsible for about half of the growth experienced during the first half. Burberry opened 20 mainline stores during the period, including two in India and its first store in Brazil.
Looking forward, Burberry expects selling space to increase by around 25% during the second half of the year, with around 15% of this growth taking place in China.