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Burberry’s pivot back to its roots is working
Burberry’s pivot back to its roots is working as shares jump 15% following better-than-expected sales
Burberry is turning to its forte and "offering a range of products to attract a broad base of luxury customers," CFO Kate Ferry said.
Burberry Shares Jump 16% As Q4 Sales Fall Less Than Feared
Sales continue to fall at embattled Burberry but at a lesser rate than analysts had predicted. Retail revenues were down 7% in the three months to December, to £659 million. This was down 3% at stable exchange rates. Comparable store sales were down 4% year on year. Market consensus had suggested a fall of around 12%.
Burberry shares jump 15% on better than expected festive sales
Burberry’s shares jumped as much as 15 per cent on Friday after the British luxury group reported a lower than expected fall in sales over the festive period, boosted by US shoppers splashing out on high-end fashion.
3d
on MSN
Burberry Soars After Demand Pickup Lifts Hope of Luxury Comeback
Burberry Group Plc shares surged after a pickup in US demand boosted the trench-coat maker’s results, raising investor hopes ...
3d
Burberry turnaround hopes boosted by US holiday shoppers
Burberry reported a smaller than expected 4% drop in quarterly comparable store sales on Friday, helped by a stronger holiday ...
3d
Heard on the Street: Burberry’s Most Striking New Look Is Sane Prices
Burberry, a trend setter? The early success of a new approach to pricing is promising. Shares in the British brand rose as ...
3d
Struggling luxury brand Burberry’s return to outerwear roots comforts investors who turned on brand
BURBERRY’S return to its outerwear roots has comforted investors who had cold-shouldered the brand. New boss Joshua Schulman ...
6d
Burberry investors watch for signs of sales turnaround
Investors have high hopes for Burberry to start showing signs of progress in its turnaround when the British luxury brand ...
3d
on MSN
Burberry Sees Positive Signs as Turnaround Plan Continues
The company said its second-half results could broadly offset an adjusted operating loss it reported in the first six months ...
13d
Burberry scarves, bags & sunglasses are up to 60% off during rare flash sale at Gilt
The luxury flash e-tailer is hosting a limited-time Burberry sale, and from now through Friday, Jan. 17, you can shop ...
11h
Burberry Group falls Monday, underperforms market
Burberry Group PLC BRBY shares slipped 3.66% to £11.33 Monday, on what proved to be an all-around great trading session for ...
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