test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Industry News | Time:Apr 21 2017 9:12AM
Fashion brand Burberry's revenue soars
 
Text size
UK-based Burberry, a global luxury brand with a distinctive British heritage has made public its second half trading update for the period ended March 31, 2017. During the period, retail revenue totalled £ 1,268 million, up 3 per cent underlying (up 19 per cent at reported FX) while comparable sales increased 3 per cent (Q3 up 3 per cent; Q4 up 2 per cent).

Wholesale revenue stood at £ 327 million, down 13 per cent as against the same period last year. Total revenue was £ 1,607 million, down 1 per cent underlying (up 14 per cent at reported FX), with performance reflecting the implementation of strategic priorities and actions to improve brand positioning, notably in the US.

The digital wing continued to outperform, led by mobile operational excellence and inspired people: simplifying its structure and processes; on track to deliver planned cost savings of £ 20 million in FY 2017 increasing to at least £ 100 million annualized in FY 2019.

While commenting on the results, Christopher Bailey, Chief Creative and Chief Executive Officer, said: “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. I am delighted that Marco and Julie have now joined the business. 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.”

Source: Apparel Resources
Related Articles
TT's Sanjay Jain elected new chairman of CITI
Invista acquires dual core patent of Cone Denim
Grasim Industries - Birla Spunshades gets USDA Biobased
BASF to acquire Solvay’s global polyamide business
Chile's Arauco to move ahead with $185 million plant
Aquafil to invests $10 mn to open first US carpet recycling
Publication of Shenghong Refinery and Petrochemical Complex
Alpek halts PTA supply to M&G as a result of overdue payments
M&G sells Woodford-backed lender on dividend fears
Schweighofer Group focuses on its core business and sells its
 
Research
Brief introduction of VSF overseas markets
China cotton yarn market pattern analysis
Sales&production of Indian, Pakistani and Vietnamese cotton ...
Cotton production and consumption structure analysis in ...
PTMEG: price stops falling, supply&demand pattern alters ...
Influence forecast of CPL capacity expansion in second half ...
 
 

浙公网安备 33010902000742号