Home / Knowledge / News / Apparel/Garments / Burberry delivers 8% revenue growth in first half of 2012
Burberry delivers 8% revenue growth in first half of 2012
12
Oct '12
Burberry Group plc announces first half trading update.

First half highlights

Total revenue £883m, up 8% underlying

Retail revenue £577m, up 10% underlying

  • Comparable store sales growth 3% (Q1: 6%; Q2: 1%)
  • Q2 lower footfall countered by higher quality sales and average spend
  • Prorsum and London penetration up six percentage points
  • New mens tailoring and mens accessories performed strongly
  • Hong Kong, France and Germany robust; UK and China slowed in Q2

Wholesale revenue £253m, up 5% underlying

  • In line with guidance
  • H2 underlying wholesale revenue expected to be broadly unchanged

Licensing revenue £53m, down 5% underlying

  • Consistent with full year guidance of broadly unchanged revenue year-on-year
  • H2 global launch of The Britain watch
  • Fragrance and beauty to be directly operated from 1 April 2013

Ongoing investment in retail

  • 13 new mainline stores
  • Openings in flagship markets including Milan, Rome, Hong Kong and Regent Street, London
  • H2 average retail selling space expected to increase by about 14%
  • FY capital expenditure plans unchanged at £180-200m

Angela Ahrendts, Chief Executive Officer, commented:

“Against record prior year comparatives, Burberry delivered 8% total revenue growth and 10% retail growth in the first half, albeit slowing in the second quarter. In a more challenging external environment, footfall declined but brand momentum remained strong, particularly with our higher spending luxury consumer.

Our highly experienced team remains very focused on the consistent execution of our key strategies, engaging consumers through innovative retail and digital marketing initiatives as we enter the most important quarter of the year. We continue to invest for long term growth in flagship and emerging markets, while tightly controlling discretionary spend."

Burberry Group plc

Must ReadView All

Textiles | On 30th Aug 2016

Maharashtra, Telangana ratify GST Bill; tally 11

The state legislative assemblies of Maharashtra and Telangana today...

Courtesy: Da Milano

Fashion | On 30th Aug 2016

‘Luxury market place expanding at accelerating pace’

The rise of emerging economies and the growing global middle class...

Textiles | On 30th Aug 2016

CAI predicts 2016-17 cotton output at 336 lakh bales

Cotton Association of India (CAI) has predicted that cotton...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
August 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search