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Retail revenue up 13% at Burberry

Luxury label Burberry reported a 13% rise in like-for-like retail revenue for the three months to June 30.

Overall retail sales rose 18% to £339m, with revenues driven by seven new store openings, including two outlets in Shanghai and one in Mexico.

Angela Ahrendts, chief executive of the brand, said the hike in sales was due to a “standout season” driven by “innovative marketing, cohesive monthly fashion groups and exceptional execution from all corporate and regional teams”.

Sales across the mainline collection grew due to “consistent product strategies” with outerwear and large leather goods accounting for over half the growth. Mens accessories and tailoring also outperformed.

The British brand also reported “soft” footfall in store, but a rise in online sales.

There was double-digit comparable store sales growth in Asia, the U.S and South America, with “high single-digit growth” in Europe, the Middle East, India and Africa. Hong Kong and China led the way with in-store growth while France and Germany remained “robust” and Korea, which had been struggling, showed early signs of improvement.

Ahrendts added the macro outlook remains “uncertain” going forward, and that Burberry will continue to focus its investment on “profitable high growth opportunities by channel, region and product categories”.

The company outlook remains unchanged from the preliminary results in May this year. Burberry expects underlying wholesale revenue to decrease by 10% in the six months to 30 September, while net new openings are planned to contribute low to mid single-digit percentage growth to retail revenue in 2014.

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