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Q3FY15 underlying sales up 15% at Burberry Group
22 Jan '15
2 min read
Fashion group, Burberry reported a strong fiscal third quarter ended December 31, 2014, with retail sales up 15 per cent underlying and double-digit comparable revenue growth in Americas and EMEIA.
Burberry said its retail sales surged 15 per cent underlying year on year in the third fiscal quarter to £604 million.
In the same quarter overall comparable revenues rose 8 per cent while it posted double-digit growth in Americas and EMEIA.
However, following disruptions in Hong Kong, a high margin market, Asia clocked a low single-digit growth, while showing robust performance in mainland China and Korea.
During the quarter, the fashion brand launched a successful festive campaign and witnessed strong performance from heritage trench coats and cashmere scarves.
It said it also received an exceptional response to runway-inspired ponchos and opened a flagship store opened on Rodeo Drive, Beverly Hills.
Burberry also opened a new Tokyo store and two additional concessions in Japan, ahead of license expiry later in 2015.
CEO Christopher Bailey said, "Looking ahead, we will bring equal focus to maximising the opportunities of the final quarter, including Lunar New Year in what is going to remain a challenging environment." (AR)
Burberry said its retail sales surged 15 per cent underlying year on year in the third fiscal quarter to £604 million.
In the same quarter overall comparable revenues rose 8 per cent while it posted double-digit growth in Americas and EMEIA.
However, following disruptions in Hong Kong, a high margin market, Asia clocked a low single-digit growth, while showing robust performance in mainland China and Korea.
During the quarter, the fashion brand launched a successful festive campaign and witnessed strong performance from heritage trench coats and cashmere scarves.
It said it also received an exceptional response to runway-inspired ponchos and opened a flagship store opened on Rodeo Drive, Beverly Hills.
Burberry also opened a new Tokyo store and two additional concessions in Japan, ahead of license expiry later in 2015.
CEO Christopher Bailey said, "Looking ahead, we will bring equal focus to maximising the opportunities of the final quarter, including Lunar New Year in what is going to remain a challenging environment." (AR)
Fibre2fashion News Desk - India
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