Womenswear bolsters sales
Burberry announced in a trading update today that sales at its stores increased by 13 per cent for the six months to March 31. The fashion group said retail growth was driven both by new and existing stores.
Licensing revenue rose 8 per cent during the fourth quarter, but wholesale sales fell by 7 per cent. Total group revenue rose by 3 per cent.
Burberry chief executive Rose Marie Bravo said: 'Retail operations were the highlight of Burberry's fourth quarter. Consumer response to spring merchandise, particularly womenswear, and an exciting advertising campaign contributed to the strong performance.'
In a statement, the fashion retailer also announced it plans to increase its selling space by at least 10 per cent over the next year, with most of the expansion taking place in the US and Asian markets.
The group will release its preliminary results on 25 May.
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