EconomyBurberry returns to profit as sales rise, from £85 socks to £9,000 bags
Burberry reported a £19m pre-tax profit for the six months to 26 September, compared with a £48m loss a year earlier, as sales reached £1.1bn. CEO Joshua Schulman said sales grew 6%, with China and the Americas up 15% and 14%, respectively, and credited the brand’s range of price points for helping it grow in a difficult luxury market.
Burberry returns to profit as sales rise, from £85 socks to £9,000 bags
Economy