Headlines

Burberry Celebrates Strong Third Quarter

Brand sees 22 percent increase in revenues

Published

12 years ago

January 18, 2012

VMSD Staff

Burberry Group PLC (London) reported a 22 percent increase in revenues in the third quarter ended December 31, according to Women’s Wear Daily. The increase was driven by strong outerwear and large leather goods sales, and a bump in Asia-Pacific region sales.

Retail sales, which represent 70 percent of Burberry’s revenues, grew 24 percent to $654.7 million. On a same-store basis, retail sales grew 13 percent. The Asia-Pacific region experienced the most growth, with revenues rising 39 percent to $329.7 million. In China, same-store sales increased 30 percent during the period.

“Our investment in flagship markets and digital technology has enabled our global teams to continue to drive customer engagement, enhance retail disciplines and improve operational effectiveness, further strengthening brand momentum,” said Angela Ahrendts, ceo of Burberry.

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