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Accessories boost Burberry sales

Like-for-like sales at Burberry rose by 3% for the six months to 31 March 2017, driven by an “exceptional” performance in the UK and strong growth in accessories.

Retail revenues were also up 3% (19% when reported at currency exchange rates) to £1.26bn. However, total revenue slipped by 1% to £1.6bn, hit by a weaker performance in the US market and in beauty. Wholesale revenue also declined – it was down by 13%.

Chief executive officer and chief creative officer Christopher Bailey said: “In an uncertain environment, we continue to take action to strengthen the brand and reposition Burberry for growth. The outperformance of fashion and the strong customer response to new products underline our renewed creative momentum.”

 

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