Image via China Apparel
With its 192 retail stores, 208 concessions, 44 outlets and 57 franchise stores, distinctive heritage, core outerwear and large leather goods base, Burberry, one of the most recognised icons in the world, today posted second half revenues up 18%
Retail sales, which accounted for 72% of total revenue in the second half, grew by 23% on an underlying basis.
Comparable store sales in the half increased by 12%. The UK, France and Greater China remain strong, especially flagship markets. According to Burberry average retail selling price was again the key driver of sales growth, helped by greater penetration of Burberry London in both women's and men's apparel. Knitwear, men's tailoring and accessories grew strongly, as did fragrance and watches.
Angela Ahrendts, Burberry's CEO commented "With underlying revenue up 18% in the second half, we are pleased with Burberry's finish to the year across all channels, regions and product divisions. Looking ahead, while we remain vigilant about the external environment, our global teams continue to focus on optimising our core brand, digital and cultural initiatives, while investing to drive sustainable, profitable growth."