×
144
Fashion Jobs
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
TECHNOVALUE SOLUTIONS PVT. LTD
Senior Sales Engineer / Area Sales Manager
Permanent · Baddi
TOUCH MOBILES
Wanted Area Sales Manager - Touch Mobiles
Permanent · Khammam
OAKBRIDGE PUBLISHING PVT LTD
Area Sales Manager
Permanent · Pune
AVANTOR
sr. Account Manager- Lab Products
Permanent · Kolkata
EXTRAMARKS EDUCATION
Area Sales Manager- B2B
Permanent · Hyderabad
ERA UNIVERSITY (ERA EDUCATIONAL TRUST)
Production Manager- Lucknow
Permanent · Lucknow
RENOVATE BIOLOGICALS PVT LTD
Area Sales Manager
Permanent · Hyderabad
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
sr. Area Sales Manager / Territory Sales Manager - Fmcg Personal Care
Permanent · Purulia
MOTILAL OSWAL FINANCIAL SERVICES
Opening For Territory Manager B2B Sales - Mumbai
Permanent · Navi Mumbai
NAGA LIMITED
Manager - Production
Permanent · Dindigul
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
HDB FINANCIAL SERVICES
Sales Manager - Alternate Channel
Permanent · Salem
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Production / Plant Manager
Permanent · Ahmedabad
JIO
Territory Sales Manager - Warangal & Hannumakonda
Permanent · Hanamkonda
By
Reuters
Published
Apr 17, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Burberry second half boosted by China demand

By
Reuters
Published
Apr 17, 2013

LONDON - British luxury group Burberry posted a 10 percent rise in fourth quarter revenue as strong demand for its more expensive products in China helped it beat sales forecasts for the second half of the year.

The seller of raincoats and leather goods, known for its camel, red and black check pattern, said on Wednesday fourth quarter group sales rose to 503 million pounds ($769 million), building on better than expected third quarter results after a strong Christmas period.

(photo: Burberry.com)

That took revenue for the six months to March 31 to 1.116 billion pounds, ahead of a company-compiled average analyst forecast of 1.098 billion pounds.

Last September, Burberry shook the global luxury industry by warning of a spending slowdown, particularly in China - the driving force behind demand in recent years - but it has been more upbeat recently, highlighting a rebound in Chinese demand while posting third quarter sales in January.

Retail sales, which make up 75 percent of group revenue, grew 14 percent to 376 million pounds in its fourth quarter, Burberry said, as higher average spend helped offset lower numbers of shoppers.

Comparable store sales increased by 7 percent, including double-digit rises in China and Hong Kong. It said it expected net new openings to deliver low to mid single digit increase in retail revenue in its 2013/14 year.

Second-half wholesale revenue - or sales through non-Burberry stores - fell 3 percent, as expected, due to smaller firms struggling in weak European markets where tourist spending has also shown signs of slowing. Excluding its beauty division, Burberry said it expects underlying wholesale revenue to decrease by about 10 percent in the six months to Sept. 30, 2013.

Earlier this month, over half of 23 brands surveyed by Reuters at stores in London, Paris and Milan - including Gucci, Hermes and Jimmy Choo - reported lower demand from tourists, notably from Asia.

This week the owner of luxury brand Louis Vuitton LVMH posted the lowest quarterly sales growth since 2009 at its fashion and leather division, while Italian fashion house Prada SpA has outlined plans to expand in the Middle East and the Americas to help offset lower spending in Europe.

Shares in Burberry, whose spring/summer campaign is being modelled by Briton Cara Delevingne and David Beckham's son, Romeo, closed at 1,266 pence on Tuesday, down 8 percent on three months ago, valuing the business at around 5.6 billion pounds.

© Thomson Reuters 2022 All rights reserved.