Strong performance for retailer Burberry

FASHION retailer Burberry allayed fears of faltering demand after seeing its popularity grow in the world’s top shopping cities.

The luxury brand, famous for its red, black and camel-coloured check design, said strong performances in London, Beijing, Hong Kong and Paris lifted underlying revenues by 21% in the final quarter of 2011.

Sales of traditional Burberry favourites such as jackets and handbags, together with growth in knitwear, men’s accessories and tailoring, fragrance and watches, brought retail like-for-like sales up by 13% – with comparable store growth in China up by about 30%.

Overall underlying revenues were 36% higher in booming Asia Pacific markets.

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