 Womenswear has helped improve Burberry sales |
Fashion house Burberry has seen group sales rise 3% in the second half of the financial year, boosted by increases in mainland Europe and East Asia. Those sales, as well as higher retail growth rates, offset decline in its wholesale operations.
Retail sales were up 13% in the six months to April, pushed by new stores and growth in existing outlets.
Burberry, demerged from GUS last year, is well-known for its distinctive camel, red and black checked design.
It has also recently added other colour schemes, including pink-based ones.
Licensing revenues
"Consumers' favourable response to spring merchandise, particularly womenswear, and an exciting advertising campaign contributed to the strong retail performance," chief executive Rose Marie Bravo said in a statement.
Retail sales accounted for 43% of group revenue last year, and were further helped by new stores in Taiwan and the US.
Licensing income was up 8%, thanks in part to higher royalty rates in Japan, where the desire for Burberry products shows no sign of waning. But wholesale sales fell 7% in the six-month period.
"During the period, we also successfully launched a major new fragrance, Burberry London," added Bravo.