Burberry
What Burberry is doing right that other luxury retailers are not
While many of these European fashion houses suffered, unable to win market share from more cautious luxury customers, Burberry has been tackling all fronts of its business with full force, from hedging against the euro zone crisis to allocating capital for expansion, and so far investors have been noticing.
Burberry draws up Plan B in case demand for luxury goods plummets
Burberry has asked its offices around the world to draw up a Plan B in case demand for luxury goods falls, but insists there is no evidence that business is cooling.
Stacey Cartwright, its finance director, said there was "no evidence" of any slowdown as it reported a near 30 percent rise in sales for the last three months. The British brand was caught off guard by the 2008 banking crisis and was forced to slash its prices as demand for designer goods fell.
Video Interview: China sales growing, says Burberry CEO
In this video interview, Angela Ahrendts, CEO of Burberry, told CNBC that the company is expecting strong growth in China.
"We absolutely expect strong growth in China to continue. The government is looking at some of the luxury taxes and some of the duty implications which make the prices slightly higher over there," Angela Ahrendts, Burberry CEO, told CNBC.
To watch the interview, visit CNBC.
Burberry hopes Brit brand can win over shoppers worldwide
With a glitzy new head office in London's Victoria under the watchful eye of its American chief executive Angela Ahrendts, Burberry is increasingly using its Britishness as currency in a luxury market dominated by big continental European brands such as Louis Vuitton and Gucci, but increasingly looking to the far east for sales.
"We are selling Britishness around the world," said Ahrendts recently. "All the music we use is British, all the models are British, the design team is 80 percent from British design schools like St. Martins."
Luxury goods firms fear effect of Japanese disaster
Shares in some of the world's biggest luxury goods companies including Louis Vuitton owner LVMH, Hermès and Burberry have tumbled on concerns that high-spending Japanese consumers will stop shopping as a result of the disaster.
British coatmaker Burberry was down as much as 6 percent in Monday morning trading as investors worried about the effect of the earthquake on consumer confidence in what is the world's third largest buyer of designer clothes and handbags.
How long will Burberry's success last?
From the live 3D broadcast of its fashion shows online and in the major flagship stores, it’s the leading position on Facebook being the most ''liked'' brand, its very well targeted advertising campaigns to the ''democratic luxury positioning'', Burberry has been the most successful luxury brand of the past three years, defying the international financial crisis and posting double digit growth.
Burberry sales jump thanks to Chinese boom
Burberry has smashed forecasts thanks to the Chinese retail boom and growing demand for luxury goods among its wealthy client base.
Like-for-like sales across Burberry's stores around the world jumped by 14 percent in the last three months of 2010. Burberry performed particularly well in China, where comparable sales leapt by more than 30 percent.
Rich resurface to send Burberry sales up 15 percent
Shares in Burberry soared today after the luxury goods company revealed a 15 percent rise in third quarter sales, smashing forecasts and suggesting that consumers' appetite for designer brands is returning.
