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Burberry tipped for sales rise

Burberry is expected to post a rise in sales when it updates the market later this week (17 January).

Analysts at Barclays have predicted a 3% increase in like-for-like sales for its third quarter, City AM reported today.

The news comes after chief executive Marco Gobbetti outlined plans in November to push ahead with a new strategy to “sharpen” the brand and “establish it firmly” as a luxury player.

This involves plans to cut sales to non-luxury stores, simplify its product ranges and leverage its digital reach.

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