burberry 11702196

Burberry Group plc, the global luxury company, reports on trading for the six months to 31 March 2010.Angela Ahrendts, Chief Executive Officer, commented:"With a stronger finish to the year than we had anticipated in both retail and wholesale, we now expect Burberry to deliver adjusted profit before tax in the year just finished slightly above current market consensus.Looking forward to 2010/11, while the pace and level of the global economic recovery remain unclear, we remain confident that our strategies will continue to build momentum in the business. To drive growth, we will increase investment in new regions, initiatives and digital commerce, while taking further action to enhance the brand."RetailRetail sales, which accounted for over 60% of total revenue in the second half, increased by 15% on an underlying basis (14% reported). New space contributed 5% to this growth.Comparable store sales in the half increased by 10%. The sales momentum in the third quarter (up 10%) continued into the fourth quarter (up 11%), driven by strong full price sell-through of Spring/Summer 2010 ranges. Both average selling price and gross margin increased compared to last year. Non-apparel was again the strongest performing division across all sub-categories, especially in shoes and soft accessories. In apparel, outerwear again performed well, with awareness driven by the social media site, artofthetrench.com.Double-digit comparable store sales growth continued in Asia Pacific and Europe. Hong Kong, the UK and the United Arab Emirates were among the best performing markets. There was an improving trend in the Americas, particularly in the fourth quarter, resulting in mid single-digit percentage growth in the second half as a whole.The net increase of nine mainline stores in the second half included new stores in Paris and Venice and three openings in the Americas (a flagship in Toronto and standalone Burberry London and Burberry Brit stores on Madison Avenue, New York). Average selling space in the second half increased, as planned, by 6%.WholesaleWholesale revenue, which accounted for about 30% of total sales in the second half, declined by 6% on an underlying basis (7% reported). This decline includes the impact of Burberry's own actions, such as closing certain specialty accounts in Europe, and continued weakness in Spain (which sells a domestic collection unique to that market). Excluding these factors, sales of the global collection grew by a mid single-digit percentage, led by Emerging Markets, the Americas and Travel Retail.The 6% underlying decline in wholesale revenue is about a ��10m improvement on previous guidance of down 10-12%. This outperformance was driven by higher in-season orders than expected due to strong consumer demand and lower cancellation rates due to improved shipping.A net seven franchise stores were opened during the second half, including the first Burberry stores in Lebanon and Serbia. During the period, China continued to perform very strongly, as did Turkey. Russia and Eastern Europe remained more volatile.

Everyone wants a good deal when buying Burberry, but where do we start looking when we are the best and lowest price when buying that Burberry purse or wallet.There are a few places to look for if you are looking for the lowest price in Singapore.? You may want to try Deluxemall as your first stop. www.deluxemall.com is Singapore largest online classified for designer bags and watches. ?deluxemall is Singapore First Online Classified for Designer bags and watches. I have browsed thru recently on their selection of bags and was impressed by the wide selection of designer bags they have. Other than Burberry, Deluxemall also include brands like from LV, Gucci, Coach, Prada, HERMES, Fendi, Chloe, Chanel, Louis Vittion, Miu Miu, Versace, Prada, Christian Dior, Burberry etc. posted here since our launch on 1st May 2009.Other than www.deluxemall.com , you can check out other places such as a second hand bag shop in Singapore. Currently there are over 10 such outlets in Singapore. Other than selling designer bags, they also buy your used bag if you intend to sell. This is a good option if you want instant cash as some shop do offer instant cash in exchange of your bag. However, be prepared to sell your bag at a very low price. Another advantage of buying at a second hand bag shop is, they do authenticity check of the bag before taking it in. This help to ensure that the bag you about to buy is authentic too.Whether you are buying from www.deluxemall.com or 2nd hand bag shop in Singapore, there are many? ways to buy a discounted Burberry bag other than waiting for the sale period to arrive.