Home / Knowledge / News / Fashion / FY17Q1 sales flat on underlying basis at Burberry
FY17Q1 sales flat on underlying basis at Burberry
Jul '16
For the three fiscal month period to June 30, 2016, retail revenue at luxury fashion brand Burberry stood at £423 million, unchanged from the same quarter of 2015 on an underlying basis, but up 4 per cent on a reported basis.

“However, in the first fiscal quarter of 2016-17, comparable sales were down 3 per cent from a year ago quarter and excluding Hong Kong and Macau, sales rose in Asia Pacific,” Burberry said in a trading statement.

According to the company, digital grew strongly in all regions and mobile traffic to its site now makes up for 60 per cent of all traffic, while fashion apparel and accessories outperformed in the reporting quarter.

“There has been a good customer response to innovation and newness, while offering an elevated service and more in-store craftsmanship events to enhance customer engagement,” the company added.

CEO Christopher Bailey said, “We continue to focus on managing our business with agility whilst implementing the strategies we outlined in May, to position Burberry for long-term growth.”

“These plans are now well underway and on track to deliver our financial goals and this progress, together with our recent management appointments, gives us real confidence for the future,” he too added. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

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

Giorgio Mantovani
Corman S.p.A

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Pranav Mishra

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search