Rajiv MenonFashion
European Luxury Houses See China Rebound as Burberry Sales Climb 9%
Consensus estimates point to fourth-quarter sales growth for Kering in Greater China, even after July luxury revenue across the market fell 10 percent.
Tag
burberry
Every story tagged burberry on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged burberry
135 stories in this topic
Wei ZhangFashion
Burberry Sees Remarkable Christmas Sales Boost, Thanks to Chinese Market Surge
Burberry, the iconic British luxury brand, surpassed its holiday season sales forecasts, with the most significant surge being noted in its Chinese market. 4th Quarter Financial Overview According to the latest fiscal report of the quarter ending December 27,…
Minjun ParkFashion
Christopher Bailey to depart Burberry after 17 amazing years
Christopher Bailey is to depart from Burberry after 17 years as its creative head. In a statement issued overnight, Burberry said Bailey, 46, will remain in his dual roles of president and chief creative officer until March 31, when he will also resign from…
Maria SantosFashion
Burberry held back by China lockdowns and US weakness
Luxury brand Burberry was hurt by lockdowns in its biggest market China and an abrupt reversal in fortunes in the Americas, limiting its first-quarter sales rise to 1 per cent. The British brand, known for its red, black and camel check and TB monogram, saw…
Maria SantosFashion
Burberry closes prominent Hong Kong flagship
British luxury fashion house Burberry is the latest luxury brand to withdraw from Hong Kong’s famous shopping street Canton Road. The closure of the three-storey store came after Burberry shut its prominent Russell Street flagship last year, highlighting its…
Aiko TanakaFashion
Burberry opens new French flagship store
British luxury brand Burberry has unveiled its new French flagship store on Rue Saint-Honore, designed by architect Vincenzo de Cotiis. Located in the heart of Paris, the flagship features the brand’s new global design concept and offers customers what…
Minjun ParkFashion
China and South Korea boost Burberry sales
Double-digit sales growth in China, South Korea, and the Americas underpinned a 37-per-cent lift in first-half sales for luxury fashion group Burberry to US$1.63 billion. The lift reflected a recovery in-store sales as Covid-related lockdowns and trading…
Maria SantosFashion
Burberry opens new London flagship
Change is afoot at Burberry. Since 2018, the British heritage brand’s Chief Creative Officer Riccardo Tisci has been reimagining the label with the goal of finessing its high-end luxury status. Working closely with CEO Marco Gobbetti, who recently announced…
Minjun ParkFashion
Burberry CEO resigns to lead rival luxury retailer
Marco Gobbetti is to give up his role as CEO of Burberry after leading the brand and business for almost five years. According to a report, Gobbetti will return home to Italy to lead rival luxury goods group Ferragamo. Gobbetti will stay with Burberry until…
Aiko TanakaFashion
Burberry – the first luxury brand to suffer Chinese backlash over Xinjiang
British designer Burberry is the first luxury brand to be targeted in China in a backlash against western sanctions imposed over alleged human rights abuses in the Xinjiang region, following on from retailers including H&M and Nike that were boycotted by…
Rajiv MenonFashion
Burberry Japan opening a virtual showroom in partnership with Elle
The virtual and interactive experience will replicate the brand’s flapship Ginza store and will serve as a space to present its Spring/Summer 2021 collection. Customers will be able to purchase items from the collection by selecting the digital items in store…
Sarah ChenFashion
Burberry delivers growth in APAC, most coming from E-commerce
Global luxury fashion brand Burberry saw comparable retail sales decline 9 percent during its third-quarter period, as tourist traffic slowed amid the continuing Covid-19 pandemic. However, full-price sales jumped due to a decline in markdowns, and the…
Minjun ParkFashion
Burberry launches global Animal Kingdom popups
Luxury fashion house Burberry is launching Animal Kingdom popups globally to celebrate its signature bags and accessories. The pop-ups will feature large-scale sculptures of monkeys, gorillas, and birds of paradise inspired by “the power and symbolism of…
Wei ZhangFashion
Burberry teams with Tencent to launch world-first social-retail store
Luxury fashion label Burberry has teamed with technology giant Tencent to launch its first social retail store in Shenzhen, China. Located in the new Shenzhen Bay MixC development, the Burberry social store features a unique design with a variety of materials…
Aiko TanakaFashion
Burberry bullish on Asian prospects as China and Korea slowly recover
Fashion label Burberry is optimistic about a post-Covid-19 recovery as sales began to return to normal in Asia during the June quarter. While same-store sales were down by 45 percent across the three months, June’s decline was 20 percent and the brand…
Maria SantosFashion
Burberry realigns business units, names new ready-to-wear head
Burberry is reorganizing its creative team as the luxury label welcomes back Adrian Ward-Rees to lead its ready-to-wear business. The British-based luxury retailer will set up three new business units – ready-to-wear, accessories, and shoes and says it plans…