Retail in Asia

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Burberry to buck gloom with record profits

Luxury fashion group Burberry expects full-year profits to come in "at record levels" after a stronger than anticipated end to the year.

Total sales rose 7 percent to GBP707 million (USD1.09 billion) in the six months to 31 March, when outerwear, footwear and accessories delivered the strongest growth. Total retail sales rose 14 percent to GBP437 million (USD674.5 million) and like-for-likes advanced 10 percent.

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(Source: Retail Week)