Burberry has reported a surge in sales in China as the country’s economy continues to recover from the pandemic. The luxury fashion house said sales in mainland China rose by more than 50% in the three months to the end of June compared with the same period last year.
Burberry’s performance
Burberry’s total retail revenue for the quarter was £479m ($644m), up 36% on the same period last year. The company said it had seen strong double-digit growth across all regions, with particularly strong performances in Asia Pacific and Europe.
Burberry’s outlook
Burberry said it was confident about its outlook for the rest of the year, despite ongoing uncertainty around Covid-19. The company said it expected to see mid-teens percentage growth in retail revenue for the full year.
Burberry Sales Soar
Burberry has posted an 18% rise in its first-quarter comparable store sales for the 13 weeks ending July. The company has seen a strong recovery in China which has driven the sales growth.
Burberry’s Q1 Sales Growth
Burberry has posted an 18% rise in its first-quarter comparable store sales for the 13 weeks ending July. The company has seen a strong recovery in China which has driven the sales growth.
Factors Driving Sales Growth
The strong recovery in China has been a key factor driving Burberry’s sales growth. The company has been investing heavily in China over the past few years and this investment is now paying off. Burberry’s CEO, Marco Gobbetti, said that the company is pleased with our performance in the first quarter, particularly in China where we saw strong growth across all categories.
Conclusion
Burberry’s Q1 sales growth of 18% is an impressive result and shows that the company is on track to achieve its long term goals. The strong recovery in China is a positive sign for Burberry and demonstrates that the company’s investment in this market is paying off.
FAQ About Burberry Sales Soar
What is Burberry?
Burberry is a British luxury fashion house headquartered in London, England. The company was founded in 1856 by Thomas Burberry and is known for its iconic trench coats and signature check pattern.
When was Burberry founded?
Burberry was founded in 1856 by Thomas Burberry.
What is Burberry known for?
Burberry is known for its iconic trench coats and signature check pattern.
What was Burberry’s Q1 sales growth?
Burberry’s Q1 sales growth was 18%.
What factors are driving Burberry’s sales growth?
The strong recovery in China has been a key factor driving Burberry’s sales growth. The company has been investing heavily in China over the past few years and this investment is now paying off.
