The company’s comparable store sales saw a decline of 4 percent, which is in line last year. However, the store space had a slightly positive contribution to detail, with a 1 percent increase on the basis reported and an increase of 2 percent in CER, Barbari said in a press release.
Burberry Group Plc has reported retail revenue of £ 659 million (~ $ 689.7 million) in Q3 FY25, which is 7 percent YOY and 3 percent in CER on a reported FX basis. Sales of comparable stores declined by 4 percent, while space expansion contributed 1-2 percent. Asia Pacific saw a decline of 9 per cent, with AMIA declining by 2 per cent, while the US increased by 4 per cent.
Regional, comparable store sales showed a mixed performance. Asia Pacific experiences the most significant decline of 9 percent, a 7 percent decline in mainland China, 19 percent decline in South Asia Pacific and 12 percent decrease in South Korea, partially one partially offset offset Japan 4 percent increase in. In contrast, Emeia (Europe, Middle East, India and Africa) recorded a relatively mild decline of 2 percent, while the US demonstrated flexibility with a 4 percent increase in sales of comparable stores.
Retail sales increased by 4 percent in the US, which increased by local expenses. Globally, the US customer was in line with regional performance. In the Emeia region, it declined by 2 percent with an equal decline in both local people and tourists. Asia Pacific saw a decline of 7 percent to 9 percent with the mainland China. Globally, the mainland Chinese customer was a flat vs. last year and contributed to a 4 percent increase in Japan. South Asia Pacific was 19 percent and South Korea was 12 percent below.
“Since launching the Barabari Forward in November, we have moved forward to carrying forward our strategy to fulfill the brand’s desire, improving our performance and running long -term value construction. We are encouraged by the exterior of our ‘It’s Always Burner Weather’ and the reaction of ‘wrapped in Burberries” festive campaign. These activities echo with a wide range of luxury customers, which are leading to the exterior and the brand desirability and strength in the scarf, “said Joshua Shulman, Chief Executive Officer (CEO) in Barbari“The acceleration of our main categories confirms our belief that Barbari has the most opportunities where we have the most authenticity and that our strategic plan will provide permanent, profitable development over time. However, we believe that it is still very early in our change and a lot to do. ,
Fibre2fashion news desk (sg)
