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

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Amardeep Singh
Orient Craft

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

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search