Burberry Group PLC

Burberry Group Plc operates as a holding company, manufactures, designs and distributes apparels and accessories under the Burberry brand. It operates through the following segments: Retail and Wholesale, and Licensing. The Retail and Wholesale segment sells luxury goods through Burberry mainline stores, concessions, outlets, and digital commerce, as well as Burberry franchisees and department stores. The Licensing segment channel offers global licenses of fragrances, eyewear, timepieces and European children's wear. The company was founded by Thomas Burberry in 1856 and is headquartered in London, the United Kingdom.

Burberry plc (LON: BRBY) published its financial update on Wednesday that highlighted a decline in its third-quarter comparable retail store sales that matched its earlier guidance. The decline, however, was broader than what analysts had anticipated.

Burberry's comparable retail store sales slide 9% in the third quarter

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China's luxury market has proved "unstoppable" this year even as the coronavirus pandemic hammered global demand for expensive goods.

China's luxury market boomed this year, even as global sales shrank

Burberry Group Plc (BURBY) CEO Marco Gobbetti on Interim 2021 Results - Earnings Call Transcript

The U.K. fashion leader is looking to China and some other Asian countries for sustained growth, while its home market remains stuck in a rut.

Burberry Sees October Growth, Doubles Down On Digital And Localization Strategies

There's arguably no sector of the retail industry that has more cross-currents than luxury goods. For every company that has defied the COVID-driven economic storm with positive results there's another one that has not.

Burberry Leads Luxury Goods Recovery, Warns On Pandemic

Luxury-fashion group Burberry said sales returned to growth in October.

Burberry ‘encouraged' by recovery but warns new European lockdowns could hit revenues in second half

Fashion house Burberry has had a tough year like its peers. But shares are up 40% from lows, which I contend reflects confidence in its strategy, the current design lead, and also its exposure to China where sales have recovered.

Burberry: Starting To Come Back

It was no surprise that the luxury house’s global sales crashed in the quarter to June due to Covid-19—but the regional performances were enlightening.

Burberry’s Results Reveal How Exposed It Is To Traveling Shoppers

Burberry's quarterly sales figures are horrible, with almost a 50% drop.

Burberry: A Canary In The Digital Luxury Sales Mine

Burberry Group plc (LON: BRBY) announced it comparable sales to have seen a massive 45% year over year decline in the first quarter on Wednesday. In the second quarter of fiscal 2021, the company warned, performance is likely to remain weighed due to the Coronavirus pandemic that has so far infected a little under 300,000 people in the United Kingdom and caused over 44,500 deaths.

Burberry blames COVID-19 as comparable sales decline by 45% in the first quarter

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Luxury brand axes payment to shareholders worth about £120m amid Covid-19 crisis

Burberry cancels dividend after sales plunge 27%

Burberry (LON: BRBY) warned on Friday that the impact of the Coronavirus pandemic will take time to subside in the UK’s luxury industry. The company said that its comparable sales in the fourth quarter came in 27% lower.

Burberry suspends final dividend as sales come in 27% lower in the fourth quarter

Luxury brand Burberry  will pay all its staff globally even if they are unable to work due to coronavirus crisis store or site closures, adding on Friday it will not tap a government support scheme in Britain.

Burberry will not take British state crisis cash to pay staff

British luxury brand Burberry  will continue to maintain base pay for all of its employees who are unable to fulfil their roles because of store or site closures, it said on Friday.

Burberry to maintain employee pay through coronavirus crisis

Ever at the forefront of haute couture, Louis Vuitton, Burberry and Chanel are celebrated by fashion connoisseurs for defining style in handbags, dresses and shoes.

Louis Vuitton, Burberry and Chanel put their fashion muscle behind face masks

“We need to identify brands which are so desirable that no matter how people shop or receive advertising, they’ll always want them.

Burberry: Another Century-Old Business With a Moat and Growth Opportunities

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The luxury goods industry normally relishes the spotlight, but in the case of China’s coronavirus it is ruing being one of the most globally exposed sectors to an epidemic that risks all-but wiping out its sales growth this year.

Sparkle fades as coronavirus risks wiping out luxury goods growth

Burberry  said on Friday the outbreak of coronavirus in China was hurting luxury demand in the mainland and Hong Kong, both important markets for the British brand.

Burberry says coronavirus hurting luxury demand

The luxury retailer is set to expand in China this year, but it is monitoring the outbreak of a deadly coronavirus that has already impacted the stocks of European luxury brands operating in the region.

Burberry Lifts Sales Outlook But Monitors China Coronavirus Outbreak

European luxury stocks slumped across the board on Tuesday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that had managed to weather months of protests in Hong Kong.

China virus scare sends shudder through European luxury goods sector

The stock trades at reasonable levels compared to the cohort of luxury companies.

Burberry Outperformed In 2019, Growth To Continue In 2020

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British luxury brand Burberry  on Thursday said it has joined forces with China's Tencent  for a new digital marketing and sales push to tap the nation's increasingly social media savvy shoppers in a critical luxury market.

Burberry aims to woo more customers in China with Tencent tie-up

Burberry Group Plc is teaming up with Chinese internet giant Tencent Holdings Ltd. to experiment with blending retail and social media in the key luxury market.

Burberry Teams With Tencent on Social Media-Friendly Stores

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The ECB has unveiled a sweeping stimulus package in an attempt to prevent a sluggish Eurozone economy from grinding to a halt.

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