Thursday, October 15, 2009
Burberry boosted by strong retail sales
Burberry's revenue rose 6% year-on-year for the six months to September 30 to бё572m, boosted by solid retail sales and a particularly strong performance from the UK and Korea.
Wholesale sales remained weak, down 23% on an underlying basis as forecasted.б═ However, the luxury label predicted that wholesale sales will be down 15% at constant currency over the next six months as stockists order cautiously and Burberry continues to feel the effects of last year's closure of its younger
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