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Burberry Revenue Tops £1 Billion
(Source: LuxuryBrandNetwork.com)
Burberry reported that annual sales surpassed £1 billion for the first time, representing a 7% rise in revenue on a comparable basis. The revenue increase was 21% on a reported basis for its fiscal year, which ended 31 March. . . . keep reading
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Burberry Retail Revenue Rises
(Source: LuxuryBrandNetwork.com)
For the quarter ended 31 March 2009, Burberry produced a 14.4% revenue increase including the impact of favorable currency exchange according to analysis by LuxuryBrandNetwork.com. For the most recent six months, comparable revenue rose 2%, or 21% as reported. The company benefitted from strong currency gains, though continued discounting lowered gross margins below expectations. . . . keep reading
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Burberry Bucks Trend With Revenue Rise (1/21)
(Source: LuxuryBrandNetwork.com)
Amidst widespread devastation in the retail world, Burberry has managed a 9% revenue gain for the quarter ended 31 December 2008. After gains on currency exchange from strengthened U.S. and Hong Kong dollars, revenue rose 30% to £329 million. . . . keep reading
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Burberry Sees Negative Growth Since 1 October
Burberry reported solid results for the six months ended 30 September, but warned of a severe slowdown in sales since. On a constant currency basis, revenue for the company's first six months of its fiscal year rose 13%, or 20% after currency conversion. The company expanded selling space during the same period by 13%. . . . keep reading
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Luxury Outlook: EXCLUSIVE ANALYSIS
(Source: LuxuryBrandNetwork.com)
Luxury CEOs say the outlook for the fourth quarter and into 2009 is deteriorating rapidly. Even the most optimistic--including LVMH, Coach and Burberry--see growth rates slowing. Current coverage includes: Bulgari, Tifffany, Burberry, Coach, LVMH, Hermès, Williams-Sonoma, Liz Claiborne, Hugo Boss, Tod's Group, Ann Taylor and Nordstrom. . . . keep reading
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