Upmarket fashion brand Burberry yesterday said new stores had helped prop up first quarter sales after a tough start to the year.
The group, famed for its famous beige-and-red house check, said contributions from nine new outlets opened in the last year had increased underlying retail sales by about 21 per cent in the three months to June 30.
Burberry, which has 70 stores worldwide, partially floated on the London Stock Exchange last July and was spun out from majority stakeholder, Argos owner GUS, through a share offering.
Tuesday July 16, 2003
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