CEO Joshua Schulman's turnaround strategy is taking root with Burberry reducing sales declines to the single-digits in the third quarter ended Dec. 28.
, which reported a 7 percent decline in third-quarter retail revenue to 659 million pounds, helped by strong sales in the
During the three months to Dec. 28, sales in the Americas were up 4 percent, with the EMEIA region, which comprises Europe, the Middle East and Africa dipping 2 percent. Asia Pacific was down 9 percent.‘It’s Always Burberry Weather’ “The acceleration of our core categories reinforces our belief that Burberry has the most opportunity where we have the most authenticity and that our strategic plan will deliver sustainable, profitable growth over time. However, we recognize that it is still very early in our transformation and there remains much to do,” he added.
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