Home / Knowledge / News / Apparel/Garments / Burberry Group Q3 FY'14 revenues surge 14%
Burberry Group Q3 FY'14 revenues surge 14%
17
Jan '14
Burberry Group plc announces results for the third quarter trading update and interim management statement for the time period of three months to 31 December 2013.

Highlights for the three months to 31 December 2013
- Retail revenue £528m, up 14%
- Comparable sales up 12%
- Compelling and focused festive offer
- Digital innovation continued to drive outperformance
- Double-digit growth in Asia Pacific; mid to high single-digit growth in Americas and EMEIA
- Further retail portfolio evolution
- Net five stores opened
- Including first standalone Burberry Beauty Box in Covent Garden, London
- As part of investment in under-penetrated markets, three stores acquired in Thailand

Angela Ahrendts, Chief Executive Officer, commented:

"In the all-important festive period, we are pleased with our 12% comparable sales growth, which was in line with our expectations.  This performance reflects continuing strong brand momentum and our team's intense focus on retail execution, supported by a planned increase in investment in marketing, customer service offline and online and our retail portfolio.

At current levels, exchange rates will be a significant headwind in the second half and beyond, and the macro environment remains uncertain, but we are confident that our proven strategies will continue to deliver long-term value for shareholders."

Underlying change is calculated at constant exchange rates.  Certain financial data within this announcement have been rounded.

Burberry updates on retail revenue for the third quarter. 

Retail

At £528m, retail revenue in the third quarter increased by 14% at both constant and reported FX rates.  Comparable sales growth was 12%.  The balance came from new space, consistent with the unchanged full year retail guidance below.

The key drivers of retail growth remained consistent with previous periods:

- Traffic remained weak offline but grew online, reflecting evolving consumer behaviour

- Conversion increased offline and online

- Digital outperformed, enabled by investment in areas such as service (including additional languages), collect-in-store and fulfilment

By product:

Outerwear and large leather goods together contributed about half of mainline growth

Mens accessories and tailoring again grew strongly

The halo effect of the marketing campaign launching the Brit Rhythm for Mens fragrance helped Burberry Brit apparel increase penetration slightly, particularly in menswear and womens outerwear

Scarves, small leather goods and Beauty benefited from the co-ordinated festive offer across all customer touchpoints

Asia Pacific again delivered double-digit percentage comparable sales growth, led by Greater China and a continued improvement in Korea.  Americas and EMEIA both delivered mid to high single-digit comparable sales growth.   Performance was robust in the UK, France and Germany, while Italy remained weak. 

Click here to read full results

Burberry


Must ReadView All

Alliance to form joint entity for safety in factories

Textiles | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

Courtesy: Skineez Skincarewear

Apparel/Garments | On 24th Apr 2018

Skineez, Walmart partner for smart wearables

Skineez Skincarewear, a leading cosmotextile skincarewear company,...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Urmil Arya

Sushila International, a well established textile organisation established ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search