THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
People Matter
Property
Retail Business Strategy
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail HR Central
Digital Transformation Strategy 2023
Retail Marketplace Strategy
Retail HR 2023
THE Retail Conference 2023
Customer Engagement Strategy 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Burberry posts revenue and profit uplifts despite ‘challenging external environment’

Luxury fashion brand Burberry has posted a 23% rise in full year revenue to £2.83 billion as it increased its adjusted operating profit ahead of guidance… View Article

FASHION

Burberry posts revenue and profit uplifts despite ‘challenging external environment’

Luxury fashion brand Burberry has posted a 23% rise in full year revenue to £2.83 billion as it increased its adjusted operating profit ahead of guidance with growth of 38% to £523 million. 

The brand continued to invest in its outerwear and leather goods categories in the year which led to a strong uplift in full-price sales.

It also introduced a new store concept, which Burberry said is transforming how customers experience its brand and product.

Jonathan Akeroyd, Burberry’s recently appointed chief executive, said: “Burberry is a unique British company with an extraordinary history and heritage and it is a privilege to take the reins in this next phase. The company has made great progress over the last five years to elevate the brand, product and customer experience into the luxury space. I look forward to setting out my plans for building on these strong foundations and accelerating growth at the interim results in November.

Looking ahead, Burberry said it is maintaining its guidance of high single-digit revenue growth in the medium-term, although its outlook is dependent on the impact of Covid-19 and rate of recovery in consumer spending in mainland China.  

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News