Blog: What next for Burberry?

Joe Ayling | 27 May 2011

The boss of Burberry hailed an "historic" fiscal year for the company this week, going on to say there was more to come.

The luxury goods firm has posted a 38% increase in profit before tax, to GBP296m, and pledged to invest extra money into its thriving retail stores.

Burberry saw its sales boom in Asia, where the company has recently acquired its Chinese operations, while stores in well-established markets including to UK are also getting a makeover.

"We believe we can do a lot more this year and get a significant return on investment," Burberry CEO Angela Ahrendts vows in the You Tube clip below.

It will be some investment too, with capital expenditure for the forthcoming year planned at GBP180-200m, compared with GBP108m last year. Investments will be made to accelerate new space growth to 12-13% and on 15-20 major store renovations.

All in all, it seems the time has come for Burberry to indulge itself.


BLOG

Why digital supply chains are top of mind

Confirmation that digital supply chains are top of mind for apparel industry executives came last week with the latest plans from global sourcing specialist Li & Fung....

BLOG

Navigating global political frictions and economic uncertainty

As a barometer of the issues top of mind for apparel sourcing executives, it is hard to beat the annual Prime Source Forum in Hong Kong. ...

BLOG

Trump and Brexit generate more confusion

Over the past month, Donald Trump and his team failed to offer any clear plan to ensure Americans would "Buy American, Hire American" - while the British government's attempts to clarify the specifics...

just-style homepage



Forgot your password?