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Fashion brand Burberry’s revenue soars

UK-based Burberry, a global luxury brand with a distinctive British heritage has made public its second half trading update for the period ended March 31, 2017. During the period, retail revenue totalled £ 1,268 million, up 3 per cent underlying (up 19 per cent at reported FX) while comparable sales increased 3 per cent (Q3 up 3 per cent; Q4 up 2 per cent). Wholesale revenue stood at £ 327 million, down 13 per cent […]

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Burberry hires Sabrina Bonesi as its new Design Director

Current CEO of iconic fashion brand Burberry, Christopher Baily, has roped in Sabrina Bonesi, a Christian Dior alumni specializing in accessories, as the new Design Director of Leather Goods and Shoes. Baily is set to become President and Chief Creative Officer coming July, before Marco Gobbetti steps into the shoes of his previous role as CEO. Also Read – Fashion brand Burberry’s new CEO to take charge in July Bonesi has earlier worked with luxury labels […]

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Fashion brand Burberry’s new CEO to take charge in July

Fashion brand Burberry has confirmed that Marco Gobbetti will take charge as Chief Executive Officer from July 5, 2017. Meanwhile, he will assume the role of Executive Chairman, Asia Pacific and Middle East regions by the end of this month until July 4, 2017.He is the former CEO and Chairman of Céline, the influential LVMH-owned fashion and accessories brand. In July 2016, the British fashion houserecruited Gobbetti as its new CEO, replacing Christopher Bailey. Burberry […]

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China stamps dominance in 2016

However, much of the western world may want to refute the significance of China in the current global political and economic situation the fact remains that the country is ‘unstoppable’ today, looming largely both as a market and manufacturing super power. In the last few years China has been consistently losing on both volumes and value of exports to the world market in garments, implying that the country is challenged by cheaper destinations, forcing it […]

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This time it’s all about sleeves suaveness…

When it comes to designing a collection, either pattern making or detailed styling are the two critical features that define a garment’s distinctiveness. However, the coming season is all about statement sleeves which are an upshot of innovative intricacy and craftsmanship that has taken the season by storm. Many designers were witnessed scooping in new-fangled sleeve patterns like voluminous, frilled, ruffled, leg-o-mutton, bell and long, all in an advanced manner which are making a statement […]

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Burberry slashes its product lines to focus on new ranges

British luxury brand Burberry is slashing 15-20 per cent of its product lines with an aim to focus on its newest ranges as it is struggling to attract shoppers in a volatile luxury goods market. Carol Fairweather, Chief Finance Officer, Burberry said, “The company was cutting back on product lines ahead of the key Christmas trading period and would give greater prominence to its newest products, such as the bridle bag that was a top […]

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Burberry reports surge in revenue

British luxury goods company Burberry has unveiled its results for the first six months of the year ended September 30, 2016. In the period under review, the fashion retailer noted a 5 per cent increase in its revenue to £ 1.16 billion from £ 1.11 billion in the corresponding period last year. However, the brand’s underlying revenue dropped by 4 per cent. In the first six months of the year, Burberry’s retail revenue of £ […]

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DJSI names Burberry as ‘industry leader’ in sustainability

British luxury fashion house Burberry has been recognized as ‘industry leader’ in the 2016 Dow Jones Sustainability Index (DJSI) for the ‘consumer durables and apparel sector’ second time in a row. The DSJI, which was launched in 1999, serves as a benchmark for asset managers who integrate sustainability considerations into their investment decision-making. It is a significant global metric, enabling investors to analyse the various economic, environmental and social factors that are relevant to companies’ […]

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Burberry – The ‘Best Multichannel Retailer’

British luxury fashion retailer Burberry has been rated as ‘top multichannel retailer’ for its mobile commerce offering in the ‘Mobile Retail Report’ from e-commerce agency Ampersand. Burberry scored well for offering features including wish-lists, a persistent cart, geolocation, a prominent store location, and stock checking functionality, as well as usability for forms. The report surveyed 162 retailers that have their own physical branded store presence, and that also sell online. Of those, 158 retailers had […]

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85.6% consumers purchase apparels for current season: Report

Consumers’ preferences changes every season or may be every now or then… In a bid to bring forward the understanding of the consumers, Verdict Retail conducted a clothing survey in June this year. According to the report, 85.6 per cent of apparel consumers prefer purchasing garments for the current season, while 51.4 per cent of apparel consumers do not prefer to buy before the next season begins. The survey also reported that 75.6 per cent […]

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Burberry posts drop in like-for-like sales

British fashion giant Burberry has reported a 3 per cent drop in like-for-like sales in first quarter of the year, creating difficulties for Marco Gobbetti who is soon to take over the position from Christopher Bailey next year as the brand’s CEO. It has been reported that Burberry is struggling to make up for declining tourist visitation in Europe, coupled with sales dip in mainland China and Hong Kong. It may be mentioned here that […]

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Burberry’s COO set to leave

British luxury fashion house Burberry’s current COO John Smith is likely to leave his post by 2017, to pursue new interests. He has been the COO of the company since March 2013, and before that he served as the Non-Executive Director, from December 2009. Prior to joining Burberry, Smith served as Chief Executive of BBC Worldwide from 2004 to 2012. He joined the company in 1989 and also operated as Chief Operating Officer, Director of […]

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Gucci to combine men’s and women’s shows

Fashion giants like Burberry have already announced the merger of men’s and women’s expositions, and now Gucci is following suit as it is all set to make a major change in its fashion calendar by combining the two shows. The Italian luxury brand will showcase its women’s and men’s assortments together in a single show from next year onwards, with the first show taking place at its new headquarter in Via Mecenate, Milan. The news […]

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US, UK brands take to reshoring manufacturing, though not entirely yet

In the past three decades, a substantial portion of fashion apparel for US and UK brands was being manufactured in other countries, like China, Bangladesh and also Vietnam. Most branded clothes would read “Made in China”, “Made in Bangladesh” or even “Made in Vietnam”. According to the Alliance for American Manufacturing, around 90 per cent of its apparel is imported from these countries. Lately, however, there has been a shift in their strategy. Several of […]

March 10, 2016

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‘Levy Group must bear damages for lawsuit against J C Penney’

Apparel retailer J C Penney Company, Inc, which was sued by British luxury fashion brand Burberry Limited, for alleged trademark infringement, has stated that the retailer is “fully indemnified by the supplier, and therefore any damages awarded in the case will be fully covered by the supplier”. The retailer had sold jackets and scarves knockoffs of Burberry’s famous ‘Burberry Checks’ that were supplied by the Levy Group. This design, made in its original red, camel, […]

February 15, 2016

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