Home General News British luxury clothing Burberry to have a major brand revamp

British luxury clothing Burberry to have a major brand revamp

Fashion retailer giant Burberry Group PLC has revealed that their sales have faced a slump during the Christmas trading time. The British luxury clothing has added that its full-year guidance is making progress with them expanding the brand extra upmarket.

Burberry’s third quarter revenue is at a total of 711 million euros and it’s down by 1%. All thanks to the exchange rates from a year. Well, the store sales are drawing near 1% in growth. It’s a slowdown from the 2% growth that was started a year earlier.

The designer label has managed their operating margin at constant currency and cost savings of 100 million euros. Chief Executive Marco Gobetti has stated that he’s pleased with the progress in the quarter. He added, “We continued to build brand heat around our new creative vision and shift consumer perception of Burberry.”

The label is all set to launch their debut collection for new chief Executive, Riccardo Tisci. It’s expected to hit the stores in February. The former Givenchy designer was roped in last March to revamp the brand. Tisci’s last collection was showcased at the London Fashion Week in September 2018 and has received rave reviews.

A limited edition of a line would be launched in December by Burberry along with Vivienne Westwood. The group has reiterated that these pieces have a “strong global demand” and will attract “exceptionally high traffic” to their website.

Burberry will also be speeding up remodel its wholesale operations in the U.S This would mean that they close all non-luxury points in the country. The firm will be renovating 10 of its flagship stores by the end of this financial year.

Joel Picardo
Joel Picardo has been in the startup space for the last 5 years and has worked with startups in the cryptocurrency and digital marketing industry. He founded GeekyMint along with his co-founder SafdarAli with a mission to provide well-reseached articles in the cryptocurrency, finance, technology, blockchain, software, and startup sector


Please enter your comment!
Please enter your name here

Must Read

ThopTV – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick, FireTV

About ThopTV movies ThopTV has been around for many years, initially, a user could download the app for an...

Top 13 best ThopTV alternatives for free streaming and Live TV (2021 updated list)

Streaming apps like Netflix, Amazon Prime, Hulu etc have all become a household name, thus proving that the Internet is the new...

Mobdro – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick & FireTV 

About Mobdro Mobdro App is one of the latest introduction into the free movie streaming app market. Mobdro is rapidly dethroning some of the big...

Download Kissanime App Apk on Android, iOS, PC, Firestick, Roku (2021 Update)

What is kissanime Kissanime is a free anime streaming website if you ask any anime lover about the best website to watch the latest anime...

Top 13 best Mobdro alternatives to watch free live tv and movies

Modbro was one of the growing movies and live tv streaming sites with free unlimited content. Mobdro had its app on the...

Random Post

Top 10 Google Play Music Alternatives if you don’t want to migrate to Youtube Music

Google Play Music is arguably one of the all time favourite music apps that has kept music lovers all over the world...

How to stop Overwatch Crash issue on Windows PC 

Overwatch crashing is a very common issue that many gamers face. It is very annoying when Overwatch crashing issue comes every time you are...

Hotspot: what is a mobile hotspot? how to share internet with a hotspot?

What is a mobile hotspot? Mobile hotspot is also known as Wi-Fi tethering is a feature enabled in most of the smartphones in the market...

4 ways on how to fix BioShock 2 Remastered crashing issue

BioShock 2 Remastered crashing is very annoying and can get you very upset while in the middle of an amazing game. I get really...

Steam Download Stopping issue fixed with 3 different methods

Steam users have been complaining about their download stopping suddenly. While downloading a file on steam the file stops downloading and you get very...