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Burberry said that given the uncertain outlook it had pulled its final dividend

Burberry's sales fall 27% in fourth quarter

Burberry said the luxury industry could take some time to recover from the Covid-19 pandemic as it reported a 27% drop in comparable sales in the final quarter of its year.

Business • 22 May 20

Burberry said its senior leaders and directors will take a voluntary 20% pay cut from April to June

Burberry to maintain employee pay through virus crisis

British luxury brand Burberry will continue to pay its employees who are unable to fulfil their roles because of store or site closures during the coronavirus crisis and will not rely on UK government help, it said today.

Business • 24 Apr 20

Burberry said the drop-off in demand due to Covid-19 had intensified

Burberry says sales plunge as much as 50% on virus hit

Luxury brand Burberry warned that sales in the final weeks of March would plunge by around 70% to 80% compared to last year, as coronavirus caused shops to shut and demand for luxury goods to dry up.

Business • 19 Mar 20

Burberry said that 24 of its 64 stores in mainland China are shut due to the coronavirus

Burberry warns over virus impact on Chinese demand

British fashion house Burberry has warned of a "material" negative impact from the coronavirus on demand for luxury goods in key market China, but gave no financial details.

Business • 07 Feb 20

Burberry said that Riccardo Tisci's new collections in Europe and mainland China offset a slump in Hong Kong.

Burberry weathers Hong Kong drop on China sales

Luxury fashion label Burberry has today upgraded its full-year sales forecast as demand for Riccardo Tisci's new collections in Europe and mainland China offset a slump in Hong Kong.

Business • 22 Jan 20

Burberry's sales in Hong Kong have been impacted by the protests there

Burberry posts Q2 sales growth despite Hong Kong woes

British luxury brand Burberry said the popularity of collections by designer Riccardo Tisci boosted sales in its second quarter.

Business • 14 Nov 19

Burberry has maintained its forecast for broadly stable revenue and operating margin at constant exchange rates for the 2020 financial year

New designer's ranges help lift sales at Burberry

UK luxury brand Burberry has reported a pick-up in first quarter sales after it began shifting more new designs by creative chief Riccardo Tisci into its stores as part of a turnaround plan.

Business • 16 Jul 19

Burberry today increased its full-year dividend by 3% to 42.5 pence

Burberry profit steady as it waits for new ranges

British luxury brand Burberry has reported broadly flat full-year revenue and profits and said it expected similar this year as it sets the foundations for growth with more products by its new designer Riccardo Tisci in stores.

Business • 16 May 19

Burberry said a no-deal Brexit would disrupt the movement of fabrics and finished products between its suppliers, manufacturing centres and shops

Burberry says would pay a high price for no-deal Brexit

Britain's premier luxury brand Burberry said today that a no-deal Brexit would cost it tens of millions of pounds in tariffs.

Business • 23 Jan 19

Burberry came under fire earlier this year after it admitted burning and destroying unsold clothes and accessories

Burberry to stop burning unsold goods

British luxury brand Burberry said it would no longer burn millions of pounds worth of unsold goods or use real fur in its collections in a bid to improve its socially responsible credentials.

Business • 06 Sep 18

Burberry burned unsold clothes, accessories and perfume worth £28.6m, according to its annual report

Burberry burns unsold products to protect brand

Luxury British fashion house Burberry destroyed tens of millions of dollars worth of its fashion and cosmetic products over the past year to protect its brand.

Business • 20 Jul 18

Burberry reported a 2% rise in adjusted operating profit of £467m for the year to the end of March

Burberry beats forecasts as market awaits Tisci designs

Burberry today beat profit forecasts as a strategy to re-energise its luxury brand showed early promise ahead of the arrival of its new designer Riccardo Tisci.

Business • 16 May 18

Burberry reports revenue of £719m for the three month period to the end of December

Burberry Q3 sales slip 2% as it starts up-market move

UK luxury brand Burberry today reported a 2% drop in retail revenue for the Christmas quarter after sales in Europe slipped against a year ago when a fall in the pound had helped its home market.

Business • 17 Jan 18

Burberry said its adjusted operating profit rose 17% to £185m, beating market forecasts

Burberry CEO says to take label up-market

UK luxury brand Burberry said today it will shift further up-market and more regularly update its fashion range.

Business • 09 Nov 17

Burberry was helped by stronger demand in China and a continuing good performance in in the UK market

Burberry reports better than-expected Q1 sales

Luxury brand Burberry has today reported a better-than-expected increase in like-for-like sales in its first quarterly report under new CEO Marco Gobbetti.

Business • 12 Jul 17

Burberry had benefited from the drop in the value of the pound in the last year

Burberry profit falls 21% ahead of new CEO's arrival

Burberry today reported a 21% underlying drop in full-year pretax profit due to weak demand in the US.

Business • 18 May 17

Burberry said that tough conditions in the US weighed on an 'exceptional' performance in its home market

Burberry sales growth slows as US weighs on group

British luxury brand Burberry today reported a slight slowdown in its fourth-quarter comparable sales growth rate.

Business • 19 Apr 17

Coty signs fragrance licensing deal with Burberry

British luxury brand Burberry has said it will license its fragrances and cosmetics to Coty in a deal totalling $225m (€211m) that will help it develop new products and benefit from the US group's distribution.

Business • 03 Apr 17

Burberry has been one of the best performing stocks since Britain voted to leave the European Union in June

Weak pound drives strong UK sales for Burberry

British luxury fashion label Burberry reported a better than expected 2% rise in retail sales in its second quarter after tourists in London took advantage of the weaker pound to buy its luxury goods.

Business • 18 Oct 16

Burberry is struggling to counter a sales downturn in mainland China and Hong Kong and fewer tourists in Europe

Burberry's Q1 like-for-like sales fall by 3%

Burberry has today reported a 3% drop in like-for-like sales in a "challenging" first quarter.

Business • 13 Jul 16

Burberry today reported adjusted pretax profit of £421m for the year to the end of March

Burberry to overhaul retail operations

UK luxury fashion group Burberry said it would overhaul its retail operations and simplify its product range after its full-year profit fell by 10%.

Business • 18 May 16

A drop in tourist spending in continental Europe and weak demand in Hong Kong have depressed Burberry's sales

Lower tourist spending hits Burberry sales growth

Luxury fashion brand Burberry said tough conditions would hit profit in the year ahead after a drop in tourist spending in continental Europe and weak demand in Hong Kong.

Business • 14 Apr 16

Chinese shoppers account for 30-40% of Burberry's global revenue

Sharp China slowdown hits Burberry sales

A sharp sales slowdown in China and Hong Kong led Burberry to miss forecasts for first-half sales growth and warn of an increasingly challenging environment for luxury sales.

Business • 15 Oct 15

Burberry's retail revenue in the three months to June rose by 8% to £407m

Burberry sales growth down as Hong Kong slows

Burberry today reported a slowdown in underlying first quarter retail revenue growth, held back by a further deterioration of the high margin Hong Kong market.

Business • 15 Jul 15

Buberry CEO Christopher Bailey, right, next to his predecessor Angela Ahrendts

Burberry shares tumble on lower profit guidance

Shares in British luxury goods maker Burberry have tumbled after it cut its annual profit guidance, hit by foreign exchange volatility and subdued demand in Hong Kong and the United States.

Business • 20 May 15