| Wednesday, 16 May 2018
London - Luxury fashion house Burberry has increased the number of store closures during the financial year to March 31, 2018. The heritage brand closed 34 stores across the globe during the year, including seven outlets.
However, Burberry also opened 14 new stores throughout the year, bringing the net store closures to 20. “We closed net six outlets, including three in the Americas, in line with our plans,” said Marco Gobbetti, Chief Executive Officer at Burberry during its preliminary results presentation for the year to March 31, 2018, Wednesday morning.
“We are refining our portfolio in line with the strategy, closing a number of smaller stores in non-strategic locations and investing in stores in high visibility, influential fashion markets.” The store closures are part of Burberry’s wider strategy, as the luxury fashion house works to ensure it obtains the right brand positioning in all its markets.
News of Burberry’s store closures comes as the luxury fashion house reports a 5 percent increase in full-year adjusted operating profit year on year to 467 million pounds. Revenue excluding beauty wholesale improved by 2 percent year on year to 2.6 billion pounds, driven by strong retail growth, with comparable store sales up 3 percent, reported Burberry.
“In a year of transition, we are pleased with our performance as we began to execute our strategy,” added Gobbetti in the financial statement. “While the task of transforming Burberry is still before us, the first steps we implemented to re-energise our brand are showing promising early signs.”
Wednesday, May 16 2018
Burberry increases store closures under turnaround strategy
| Wednesday, 16 May 2018
Shashi Tharoor : if bjp wins 2019 polls, india will become hindu pakistan, says shashi tharoor | अगर 2019 में बीजेपी जीतती है तो भारत 'हिंदू पाकिस्तान' बन जाएगा: शशि थरूर - Navbharat Times Hindi NewspaperThursday, July 12 2018
Mirror, Mirror, On the Wall: Who is the Best Mirage Man of Them All? - Pilkington reviews his association with the UFO community over the years, including his personal association of silvery, reflective spheres in Yosemite National Park in mid-July, 1995.Thursday, July 5 2018
Tun thla ni 15 Independence Day lo thleng tur lawmna atana Champhai District Volleyball Association-in Volleyball Tournament a buatsaih chu vawiin khan Champhai North bialtu MLA, Pu TT Zothansanga’n Kahrawt Field-ah a hawng.Tuesday, August 7 2018
Clean Zarkawt Committee-in Zarkawt Veng chhung vawnfaina tura kawngpui sira bawlhhlawh bawm an dah te chu Pathianni zan dar 12 leh dar 1 inkar khan sawisa-in a chhunga bawlhhlawh awmte kawngpuiah an leihbua.Tuesday, August 7 2018
Phawngpui Area Coordination Committee chuan Chhimtuipuiin a kual khung Sangau leh a chhehvel, S. Vanlalphai leh a chhehvel leh Bualpui NG leh a chhehvel khua te huamin District thar dil ni se tiin thutlukna a siam.Tuesday, August 7 2018
Hon'ble Governor Sri E.S.L. Narasimhan attended the Conference of Vice Chancellors of Telangana State Universities organised by the Telangana State Council of Higher Education at Dr. B.R. Ambedkar University on WednesdayWednesday, August 8 2018