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Burberry's sales up 14% in the first half

Burberry’s total sales grew 14% to £1.1bn in the six months to September 30, driven by the popularity of its outerwear, women’s Prorsum collection, men’s tailoring and leather bags.

Retail revenue was up 15% to £748m, while like for likes rose by 10%. Wholesale revenue was up 13% to £317m, boosted by earlier deliveries and in-season orders during the period.

The business opened nine stores during the first half, including six in airports. However, Burberry noted demand from travel retail and European customers had been “more cautious”.

It also warned the external environment had become more difficult, partly offsetting reduced currency headwinds.

Chief creative officer and chief executive officer Christopher Bailey said: “Looking ahead, while mindful of the more difficult external environment, we have never been better prepared internally for the all-important festive periods, with our teams intensely focused on delivering outstanding products and experiences alongside continued investment to drive productivity and profitable growth over the long term.”

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