Burberry sales down 50 per cent as coronavirus spreads globally March 19, 2020 Luxury British brand Burberry this morning warned that sales have halved as coronavirus has decimated consumer demand. Sales have dropped between 40 per cent to 50 per cent since 24 January, as the outbreak has spread across the world, forcing Burberry to close around 40 per cent of its stores globally. In Europe, the Middle [...]
Burberry shares fall as spread of coronavirus spooks investors February 24, 2020 Shares in luxury goods giant Burberry have fallen a further six per cent this morning as the spread of coronavirus in Europe spooked investors. The British brand has seen its share price drop in recent weeks as the virus took hold in China, one of Burberry’s major markets. Earlier this month Burberry was forced to close [...]
Burberry raises full year guidance after sales rise January 22, 2020 Designer brand Burberry this morning raised its guidance for the year after a quarter in which the luxury brand saw revenue rise three per cent. Revenue in the third quarter hit £719m, up from £711m twelve months ago, as the firm’s focus on the far eastern market looked to be paying off. In response Burberry [...]
Burberry boosts revenue despite Hong Kong disruption November 14, 2019 Shares in Burberry jumped more than five per cent this morning after the luxury retailer reported it is on track to meet expectations despite political disruption in Hong Kong, which contributed to a slump in sales in one of the retailer’s core markets. The figures Burberry increased revenue by three per cent to £1.3bn in [...]
Burberry shares at 10-month high and challenging records July 17, 2019 | City Talk After a stunning six-week rally, our head of markets explains why investors are still piling in today. If the market was waiting for signs of an immediate improvement in Burberry (LSE:BRBY) fortunes, it will not be disappointed as the fashion house has delivered an update which is much better than expected – and on a number of [...]
Burberry shares soar as customers welcome new designer’s collections July 16, 2019 Iconic British fashion brand Burberry boosted sales as new designs by creative chief Riccardo Tisci were snapped up by customers. Shares in the FTSE 100 firm were up 8.26 per cent this morning following the first quarter trading update. Read more: Burberry fails to stop the selling Retail revenue in the quarter to the end [...]
British luxury fashion sales break £5bn barrier July 15, 2019 The British luxury fashion industry saw sales break through the £5bn barrier in the past year, driven by the rising popularity of newer, younger brands. Sales hit £5.25bn as designer brands established after 1990, such as Lulu Guinness and Stella McCartney, saw average turnover growth of seven per cent. Read more: Private equity firm buys [...]
Burberry fails to stop the selling May 31, 2019 | City Talk Hard-won gains continue to evaporate as Burberry does no more than expected, writes our head of markets. Still being in the early stages of its transformation plan is dragging on these full-year numbers, but there is little doubt that Burberry's (LSE:BRBY)aspirations are high. Revitalising its iconic brand may take some time, but Burberry seems well-positioned. [...]
Kingdom come: Burberry’s new fashion line helps profits meet expectations November 8, 2018 Burberry has welcomed a rise in profits in its half-year results following new creative director Riccardo Tisci's debut collection, titled 'Kingdom'. The figures Burberry total revenue declined three per cent year on year to £1.22bn in the 26 weeks to the end of September. But like-for-like store sales were up three per cent, spurred on by growth [...]
FTSE 100 roundup: Today’s winners and losers November 2, 2018 The FTSE 100 lost ground today, with the index down 8.05 points at 7,106.61 shortly before the market close. Markets globally reacted positively to suggestions that the US and China may be coming towards a deal to end their recent trade war. However, looking at the week just gone, it appears that the FTSE 100 [...]