The luxury retailer achieved double-digit sales growth across its international portfolio, with group sales up 18 per cent to£995.4 million. Sales at its retail and wholesale division rose 20 per cent. Sales for non-apparel performed particularly well, soaring 39 per cent.
Burberry chief executive Angela Ahrendts said: “Burberry’s revenue growth and profit increase demonstrate the robustness of our global luxury business in these challenging times, with consistent performance across our regions, channels and products. Brand momentum remains strong and we are investing in the future, continuing to grow and innovate our iconic outerwear, while developing exciting new businesses such as shoes, jewellery and childrenswear.”
Burberry said that North America was an important market in the present financial year and it plans to open eight to 10 mainline stores there, despite a softening economic climate.
Burberry also said that childrenswear was another big opportunity, with sales from this division up 38 per cent. It opened its first standalone childrenswear store in Hong Kong in March.