Burberry had updated on its trading for the 13 weeks to 2nd July. Overall comparable store sales were up 1 per cent having been pulled down by Mainland China which was impacted by Covid-19 lockdowns. When the Chinese territory is out of the equation, comparable store sales were up by 16 per cent and a localised approach saw a rise of 47 per cent across EMEIA.
CEO Jonathan Akeroyd said: “Our performance in the quarter continued to be impacted by lockdowns in Mainland China but I was pleased to see our more localised approach drive recovery in EMEIA, where spending by local clients was above pre-pandemic levels.
“While the current macro-economic environment creates some near-term uncertainty, we are confident we can build on our platform for growth.”