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Gloucestershire Business News

Rise in sales for luxury fashion brand

Distinctive luxury fashion brand Burberry reported a three per cent rise in retail revenue to £1,268million in the six months to the end of March.

Famous for its trench coats and check designs, the company said its strength in China drove growth in the Asia Pacific market.

But growth slowed in the last three months and sales fell in the "highly promotional" US market.

The company's total revenue at £1,607million was down one per cent (underlying).

Christopher Bailey, chief creative and executive officer, commented: "In an uncertain environment, we continue to take action to strengthen the brand and reposition Burberry for growth.

"The outperformance of fashion and the strong customer response to new products underline our renewed creative momentum.

"While we have more to do, as we build on our progress so far, we remain confident about Burberry's prospects in the longer term."

Picture: Pixabay

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