Overall revenue up 12 per cent
Fashion retailer and wholesaler Burberry has unveiled total underlying revenue up by 12 per cent, in its first-quarter trading update today.

Retail sales rose by 19 per cent for the three months to June 30, driven by both new and existing stores. The group said its existing stores in the UK produced double-digit increases during the period.

Chief executive Angela Ahrendts said: 'The strong first-quarter results reflect the continued momentum of Burberry's retail operations across our primary product categories and geographical regions.'

The group said it remained on schedule to increase its selling space by about 10 per cent by the end of the financial year. Retail sales account for 61 per cent of the total revenue.

Underlying wholesale and licensing revenues increased by 2 per cent and 11 per cent respectively.