Thursday, 22 April 2010

Business Is Also Booming For Burberry – 22/4/10

Just like Coach (with their 37 percent profit increase), Burberry has also been flooded with customers.

We read in the Financial Times that "total revenues rose 6 percent to £707m in the six months to March 31, excluding currency movements. Sales from stores open at least a year rose 10 percent, with acceleration in the final quarter."

The brand’s finance director, Stacey Cartwright, suggested the expected underlying profit in the year to March 31 to be “slightly ahead” of forecasts.

This article also has some interesting musings, suggesting “there looks to be little rain on Burberry’s parade” (a clever play on words as their new collection is called April Showers and features capes, Wellingtons, umbrellas, etc.)

More importantly, the journalist concludes that, “Although the shares have doubled over the past year, the prospect for recovery, operational improvements and the possibility of a takeover as corporate activity comes back into vogue, could mean further potential..." We definitely concur.

Image courtesy of the Financial Times

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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury,