New & refurbished stores drive Burberry's H1 retail sales
Oct '05
Financial Highlights
- Total revenues increased 3% on an underlying basis
- Retail sales rose 9% underlying driven by new and refurbished stores
- Underlying wholesale revenues declined 1%, consistent with previous guidance
- Licensing revenue increased 3% underlying driven by global licenses
Outlook for second half
- On schedule to increase average retail selling space by 9% for the financial year
- Moderate underlying wholesale sales decline expected
- Anticipate licensing revenue growth consistent with first half
UK's leading fashion company Burberry designs and sources apparel and accessories distributing through a diversified network of retail, wholesale and licensing channels worldwide. Since its founding in England in 1856, Burberry has been synonymous with quality, innovation and style.
The company products are sold in Europe, the Americas, Japan, Asia and the Middle East through thier own directly operated retail stores, wholesale customers and licensing channels. At 31 March 2005 Burberry operated 157 retail locations consisting of 59 Burberry stores, 74 concessions and 24 outlet stores.
Burberry Group plc
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