Burberry Group Plc. (BRBY.L) reported that its total revenue for the six months to 31 March 2013 rose about 9% to 1.116 billion pounds from 1.027 billion pounds in the prior year period.
Retail sales, which accounted for 75% of total revenue in the second half, grew by 13% on an underlying and reported basis, benefiting from the consistent execution of key retail strategies.
Wholesale revenue in the second half decreased by 3% underlying and 5% at reported FX.
In Retail, the company plans to open about 25 mainline stores and close about 15, while opening about 10 concessions and closing about the same number for the year to 31 March 2014.
In wholesale, Excluding Beauty, the company expects underlying wholesale revenue to decrease by about 10% in the six months to 30 September 2013, compared to 253 million pounds in 2012.
The company said it will announce its preliminary results for the year to 31 March 2013 on 21 May 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.