[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Tuesday, 15 November 2005, 09:45 GMT
Burberry upbeat on winter sales
Burberry fashion show
Cold winter weather will boost sales, Burberry hopes
Fashion house Burberry has reported a dip in profits but the firm says it is cautiously optimistic about sales over the important Christmas period.

Pre-tax profits for the six months to 30 September fell to 78.1m ($136m), down from 79.4m a year ago.

Retail revenues rose 9%, but wholesale revenues dipped 1% and are expected to remain weak, Burberry said.

But Burberry's outgoing chief executive Rose Marie Bravo said the forecast cold winter weather should boost sales.

"With cold weather arriving and the holidays approaching, we enter our most important time of year with cautious optimism," she said.

Ms Bravo is due to be replaced by Angela Ahrendts - currently executive vice-president of US clothing company Liz Claiborne - next year.

Burberry is still 65%-owned by its parent firm GUS, although GUS said in May that it planned to demerge its stake by the end of the year.

GUS is now expected to give details of the demerger plans when it releases its half-year results on Thursday, Burberry said.


SEE ALSO:
Burberry versus The Chavs
28 Oct 05 |  Business
New chief executive for Burberry
11 Oct 05 |  Business
Burberry chief 'plans to leave'
06 Oct 05 |  Business
GUS to demerge stake in Burberry
25 May 05 |  Business
Currency movements check Burberry
12 Jan 05 |  Business
Burberry unveils share buy-back
16 Nov 04 |  Business


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific