Burberry’s first quarter like-for-likes exceeds expectations

ELIAS JAHSHAN | July 16, 2019

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Burberry has reported a stronger than expected rise in first quarter like-for-like sales, thanks to the new designs from creative chief Riccardo Tisci. Like-for-likes rose four per cent during the luxury British retailer’s 13 weeks ending June 29, which was double the growth analysts.It also compares to the three per cent rise in like-for-likes recorded in the first quarter last year. Meanwhile, retail sales hit £498 million in the period – up from £479 million for the same period a year ago. This represented four per cent year-on-year rise and follows lacklustre growth of one per cent in the previous quarter.

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