Revenues up at Burberry
14 July 2010International fashion brand and retailer, Burberry have reported total revenues up 27% compared with 2009 for the three months up to June 30. Retail sales are up 16% with comparable store sales up 10%. Most of the double-digit growth was from Europe and the Asia Pacific region. Strong growth markets included the UK, Italy, Germany, Hong Kong and Taiwan.
Burberry sell a range of luxury leather goods including bags, garments and footwear throughout the world. 'We plan to open between 20 and 30 new stores in the current financial year, predominantly in the Americas and Asia Pacific', Angela Ahrendts, Burberry CEO said in a press statement.
Eight new mainline stores are to be built with an emphasis on emerging markets. These include two in India and their first store in Brazil. They have also added a second store in Ginza, Tokyo.
Second quarter sales reached £291 million ($433 million) compared with £229 million ($341 million) in 2009. As of June 30 the company has 139 retail stores, 140 concessions (excluding Spain), 44 outlets and 97 francise stores. The company is headquarted in London and was founded in 1856.
