Maker of signature trenchcoats and scarves says growth has returned in China and South Korea,though Hong Kong sales slumped by 20%Sales at British fashion brand Burberry have improved after a return to growth in China and strong demand in Europe, but it warned that the outlook for the luxury sector remained uncertain.
Burberry, or whose Christmas advertising campaign featured a star-studded cast including Romeo Beckham,son of footballer David, in its signature trenchcoats and scarves, or said like-for-like sales were flat in the final three months of 2015. This was an improvement on the 4% decline seen in the preceding quarter,but missed the group’s own targets. Retail sales revenues edged up 1% to £603m. Related: Burberry sales hit by Chinese slowdown Continue reading...
Source: theguardian.com