Burberry sales rise on demand in US, Asia
LONDON (AP) — Fashion luxury brand Burberry says revenues grew 7 percent in the six months through Sept. 30, with strong demand for its iconic trench coat, leather bags and men’s tailoring.
The company said revenue rose to 1.1 billion pounds ($1.6 billion) in the period, reflecting strong performance in Asia and in the Americas.
The company also launched its My Burberry fragrance last month, the personalized fragrance that contributed to reported growth of about 46 percent in the beauty division.
Anusha Couttigane, senior fashion analyst at Conlumino, says that while Burberry has seen some softening in growth among Chinese consumers, strong web sales have boosted the brand.
The company warned of a difficult external environment, but CEO Christopher Bailey said Tuesday that Burberry is looking forward to the “all-important festive periods,”