Burberry Group growth strategy no help to US sales
Delivering retail revenues of £745mln, the group, famed for its distinctive check design, said full-year earnings would be in line with market forecasts.
Company
LON:BRBY
Burberry Group designs, sources, manufactures and distributes luxury mens, womens and childrenswear and non-apparel accessories globally through its own retail stores, concessions and wholesale customers. Burberry also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company's non–apparel offerings include handbags, soft accessories, such as scarves, small leather goods, shoes, belts and jewellery.
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Delivering retail revenues of £745mln, the group, famed for its distinctive check design, said full-year earnings would be in line with market forecasts.
FTSE 100 shares closed higher on Wednesday, in spite of investors dumping shares in educational publisher Pearson
“We expect Burberry’s Q3 trading update (to be released tomorrow before the market) to show similar trends to Q2," Haitong said.
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FTSE 100 stocks closed higher on Wednesday after fashion house Burberry bounced back
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A look at some analyst views on Tuesday morning