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Spring/Summer 2013 fashion sales drive Burberry Group plc results

The Group’s first quarter trading update shows retail sales increased by 21%

CITY & CORPORATE

Spring/Summer 2013 fashion sales drive Burberry Group plc results

Retail revenue was £339m, up 18% underlying with comparable store sales up 13%, in line with expectations for the quarter. 

Angela Ahrendts, Chief Executive Officer, commented, "We are pleased with our first quarter retail performance. Spring/Summer 2013 was a standout season driven by innovative marketing, cohesive monthly fashion groups and exceptional execution from all corporate and regional teams.

Looking forward, the macro outlook remains uncertain and we will continue to focus our investment on profitable high growth opportunities by channel, region and product categories."

During the first quarter, Burberry opened seven mainline stores and closed six. Openings included two stores in Shanghai, a third store in Mexico and a relocation in Frankfurt.

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