.The UK-based company said retail
momentum had been maintained throughout the six-month period to
September 30, while wholesale and licensing revenues (up 9% and 4%
respectively) were in line with company guidance ..Comparable store
sales were up 16%, thanks to strong performances from Burberry’s
flagship markets, including New York, London, Paris, Hong Kong and
Dubai ..The company continued to see comparable sales growth of
about 30% in its acquired stores in China, despite concerns that demand
there would be hit by economic uncertainty ..Wholesale revenues were up 20% excluding China, led by demand in the Americas, emerging markets and travel retail ..Burberry
said its core outerwear and large leather goods business had driven
half of its retail growth, and highlighted the impact of new
initiatives, such as men’s accessories and tailoring, on wholesale
growth ..“Our first half performance, with 30% revenue growth,
clearly demonstrates the continuing global momentum of the Burberry
brand, underpinned by consistent and balanced double-digit growth in
retail and wholesale, all regions and all product categories,” said
Angela Ahrendts, Burberry CEO .
Date:10/17/2011
Source:www.yarnsandfibers.com