Retail in Asia

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Asian sales help Burberry post strong 2H

Luxury retailer Burberry had a robust second half with strong sales in Asia helping it to sales of GBP1.02 billion (USD1.62b) in the six months to the end of March, an underlying rise of 18 percent.

However while its core markets of the UK, France and Greater China "remained strong," the group said, the pace of growth in China appeared to have slowed, with like-for-like sales in the region up 20 percent in the fourth quarter, after they rose 30 percent in the third quarter.

Leather goods grew strongly while its men’s tailoring, far more sought after in Asia than in Europe, also performed well.
 

(Source: Shanghai Daily)