The British fashion brand Burberry is more positive about the turnover in the current financial year, after good performances during the holiday period. Burberry benefited from a strong demand for the new collection from designer Riccardo Tisci.
The company is now counting on a total revenue growth on a comparable basis with a low single-digit percentage for the current year, while previously a virtually stable revenue was predicted. In the third quarter of the broken financial year, ie in the holiday period, comparable sales climbed 3 percent. Analysts generally expected a plus of 2 percent. Burberry sold more to tourists in Europe, while sales on the Chinese mainland also grew considerably. In Hong Kong, sales protested by half.
Marco Gobbetti, CEO of Burberry, said he had confidence in the strategy and expectations for the entire financial year, despite the uncertain macroeconomic climate.