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Burberry profits rose 26 percent last fiscal year
By Emily Ford |
May 23, 2012, Wednesday
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Online Edition
Online Edition
BRITISH luxury brand Burberry said profits soared 26 percent to 376 million British pounds (US$590 million) last fiscal year, as it announced a move to open larger stores under a 200 million pounds investment program.
Sales at the maker of trenchcoats and check-print scarves rose 24 percent to 1.9 billion pounds in the year to the end of March, in which it opened 23 new stores including flagships in Taipei and Paris.
Asia-Pacific was the group's biggest region, accounting for 37 percent of all sales.
The group said that it would open larger stores this year in flagship markets including London, Chicago and Hong Kong.
Analysts said that the company was succeeding in becoming "more luxury" by selling more of its higher end range, Burberry Prorsum.
Sales at the maker of trenchcoats and check-print scarves rose 24 percent to 1.9 billion pounds in the year to the end of March, in which it opened 23 new stores including flagships in Taipei and Paris.
Asia-Pacific was the group's biggest region, accounting for 37 percent of all sales.
The group said that it would open larger stores this year in flagship markets including London, Chicago and Hong Kong.
Analysts said that the company was succeeding in becoming "more luxury" by selling more of its higher end range, Burberry Prorsum.
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