Burberry will release its interim results for the six months to 30 September 2007 on 14 November 2007. Accessories sales rose 35 percent in the fiscal first half as Burberry introduced Knight bags for £1,595 and Beaton styles for £1,095, said the chief financial officer, Stacey Cartwright. Burberry opened 11 stores in the first half to add to revenue from its outlets, which are more profitable than sales through wholesale customers like department stores.
Shares of Burberry fell 17.5 pence, or 2.63 percent, to close at 648.5 pence in London. The stock has added 20 percent in the past year.
Store openings expanded Burberry's selling space by about 12 percent in the first half as the company sought to catch up with Louis Vuitton, which has almost 50 percent more outlets. Burberry plans to open stores in Budapest, Copenhagen, Los Angeles, Florence and Venice during the second half.
Photo: Burberry AW08