Burberry shows signs of recovery with third quarter sales up 9%
After a major decline in growth rate in 2012, British premium brand Burberry reports a 9% increase in its turnover to a total of 737 million euros. Outerwear, online sales and men’s were the best performing in the third quarter, yet retail expansion has almost been brought to a stand-still. Burberry lags behind major luxury brands in many important international luxury markets such as China, Indonesia, Colombia and Russia. Angela Ahrendts, CEO of Burberry said that the company remains reserved in terms of performance in 2013, with a challenging economic environment.