Burberry buoyed by end of China lockdowns
Chinese consumers splurging on luxury trench coats and leather goods as the country emerges from strict lockdowns have boosted group sales at Burberry. Revenue
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Chinese consumers splurging on luxury trench coats and leather goods as the country emerges from strict lockdowns have boosted group sales at Burberry. Revenue
British luxury fashion house Burberry on Friday logged a jump in quarterly sales on surging demand in China after the key market lifted Covid restrictions."In all, this update represents a strong base for the year on which Burberry can build," said Richard Hunter, head of markets at Interactive Investor.
Store sales increased 18 per cent to £589million in the three months to the end of June, with sales in mainland China, its biggest market, jumping 46 per cent.
Burberry Group PLC (LSE:BRBY) saw its first-quarter sales jump by nearly a fifth as China’s re-opening helped drive revenue growth. Comparable sales in the...
British luxury fashion brand Burberry reported an 18% rise in first-quarter comparable store sales on Friday, meeting market expectations thanks to a continued rebound in China.