Burberry Boosts with the help of Asian Tourists and Shoppers
Burberry said, ‘Sales in the Asia-Pacific region jumped 39% to £210m, accounting for the biggest sum of the total, while sturdy demand from tourists drove sales in chief cities like London, Paris and Hong Kong’.
Burberry- the British Luxury Clothing brand experienced boost of 22% rise in its 3rd QUARTER revenue because of the wealthy tourist shoppers across Asia. The very old British luxurious clothing brand generated $574 million of revenues in the three months to December 31.
Burberry said, ‘Sales in the Asia-Pacific region jumped 39% to £210m, accounting for the biggest sum of the total, while sturdy demand from tourists drove sales in chief cities like London, Paris and Hong Kong’.
Sales at retail outlets unlock above a year climbed 13 %, just ahead of a forecast 12 % increase.
Luxury goods shares have trembled in recent times among signs of a retard in economic expansion in China, the engine of recent sturdy demand for high-end goods, and fears the euro zone debt crisis could pull the world back into recession.
Jeweler Tiffany and watchmaker Swatch last week notified of slower escalation.
Nevertheless, Swiss luxury group Richemont on Monday said its 3rd quarter sales apprehended well.
Burberry said it remained watchful of the tricky economic backdrop, but was burning forward with its growth plans, even though it now guesses retail selling space to raise 13-14% in the second half, compared with 15% in the past.
Burberry's shares, which shoot up around 10 times in value from November 2008 to July 2011, blocked at 1,300 pence on Monday - some way below their max out of 1,610 pence, but also well lucid of their October low of 1,034 pence.
Burberry said, ‘Sales in the Asia-Pacific region jumped 39% to £210m, accounting for the biggest sum of the total, while sturdy demand from tourists drove sales in chief cities like London, Paris and Hong Kong’.
Sales at retail outlets unlock above a year climbed 13 %, just ahead of a forecast 12 % increase.
Luxury goods shares have trembled in recent times among signs of a retard in economic expansion in China, the engine of recent sturdy demand for high-end goods, and fears the euro zone debt crisis could pull the world back into recession.
Jeweler Tiffany and watchmaker Swatch last week notified of slower escalation.
Nevertheless, Swiss luxury group Richemont on Monday said its 3rd quarter sales apprehended well.
Burberry said it remained watchful of the tricky economic backdrop, but was burning forward with its growth plans, even though it now guesses retail selling space to raise 13-14% in the second half, compared with 15% in the past.
Burberry's shares, which shoot up around 10 times in value from November 2008 to July 2011, blocked at 1,300 pence on Monday - some way below their max out of 1,610 pence, but also well lucid of their October low of 1,034 pence.
