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Last Updated: Monday, 19 July, 2004, 07:02 GMT 08:02 UK
Burberry looks to strong winter
Burberry handbag
Burberry has opened stores in Europe, the US and Asia.
Upmarket fashion house Burberry has reported strong retail sales in the first quarter of the year.

The firm, well-known for its beige check trademark, said the financial year was "off to a good start".

Revenues were up 6% to 104m ($193m) for the April to June period and were 14% higher at 111m when the effects of currency movements were stripped out.

Burberry added that chief executive Rose Marie Bravo has agreed to extend her contract to July 2006.

"We achieved strong sell-through of remaining spring-summer merchandise and experienced an encouraging initial consumer response to our autumn-winter collections," Ms Bravo said in a statement.

Underlying retail sales - which ignore currency movements - grew 15% during the period, while underlying revenues from the wholesale business rose 10%.

The company forecast wholesale revenue growth of 10% for the autumn-winter 2004 season.

Burberry has been opening new stores in Europe, the US and Asia.

New ranges of more colourful designs have been popular with shoppers, including a pink version of its classic raincoat.

Burberry is majority-owned by retail group GUS, which partially floated the fashion house in July 2002.




SEE ALSO:
New lines lift Burberry profits
24 May 04  |  Business
New ranges drive Burberry sales
14 Apr 04  |  Business
12m Burberry 'fat cat' revolt
15 Jul 03  |  Business
New stores boost Burberry
14 Jul 03  |  Business


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