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BURBY / Burberry says China lockdowns wipe 35% from regional sales revenue

Burberry Group PLC (LSE:BRBY) grew its global turnover by 5% in the first quarter despite “significant disruption from lockdowns in mainland China”, which wiped more than a third off its sales to the region. "Our focus categories, leather goods and outerwear continued to perform well outside of mainland China and our programme of brand activations boosted customer engagement,” said Burberry chief executive Jonathan Akeroyd. Read More

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Posted: Jul 15 2022, 03:42

Author Name: Proactive Investors

BURBY News

By Zacks Investment Research
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JWN or BURBY: Which Is the Better Value Stock Right Now?

Investors with an interest in Retail - Apparel and Shoes stocks have likely encountered both Nordstrom (JWN) and Burberry Group PLC (BURBY). But which

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Is Burberry in trouble following LVMH sales miss?

Louis Vuitton Moet Hennessy (EPA:MC), the luxury goods conglomerate, missed revenue targets by about 4% in the third quarter as the high-end goods mar

By Proactive Investors
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Citi brokers react to Burberry's Daniel Lee collection

Fashion boffins at Citi visited Burberry Group PLC (LSE:BRBY)'s refurbished Bond Street store and came away with moderately good things to say about c

By Proactive Investors
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Daniel Lee's Burberry turnaround vision dashed by analysts

Daniel Lee's appointment as Burberry Group PLC (LSE:BRBY)'s chief creative officer in September 2022 came with high hopes of a turnaround for an iconi

By Proactive Investors
October 2, 2023

Marks & Spencer, Burberry lead the call for a clampdown on shoplifting

Major UK retailers such as Burberry PLC, John Lewis, and Marks and Spencer Group PLC (LSE:MKS) have urged the Home Secretary, Suella Braverman, to add

By Proactive Investors
September 28, 2023

Burberry's new Bond Street store performing well

Burberry Group PLC (LSE:BRBY) shares perked up 1.3% on Thursday following a well received analyst visit to its newly renovated Bond Street flagship st

By Proactive Investors
September 27, 2023

Burberry outlook uncertain as luxury headwinds mount, say brokers

Burberry's first-half sales should have risen by around 7%, according to analysts at Barclays, with 4% growth in the second quarter. Interims are due

By Proactive Investors
September 26, 2023

Burberry price target cut on lower growth forecasts

Burberry Group PLC (LSE:BRBY) shares have been marked 2,2% lower after Morgan Stanley (NYSE:MS) cut its price target for the luxury goods retailer.

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