Burberry retail sales drives 9% by new & refurbished stores

13 Jul '05

1 min read

England based luxury brand Burberry Group Plc reports on trading for the first quarter ended 30 June 2005.

Highlights

- Total revenue increased 9% on an underlying basis

- Retail sales rose 9% underlying driven primarily by new and refurbished stores

- Wholesale revenues increased 5% underlying; excluding the effect of the Taiwan Acquisition, Burberry continues to anticipate first half wholesale sales broadly flat relative to the previous year

- Licensing revenue increased 26% underlying; Burberry continues to anticipate moderate licensing revenue growth for the year

- Entered into agreements to acquire Taiwan distributors

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Burberry will provide a first half trading update on 11 October and release interim results for the six months to 30 September 2005 on 15 November.

Thomas Burberry founded Burberry in 1856 when he opened a clothing shop in Basingstoke, England. In 1880, Thomas Burberry developed a fabric that was resistant to tearing and weatherproof whilst remaining breathable, which he called “gabardine”.

Burberry Group Plc

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