Burberry back on trend as weak pound lifts international sales



Fashion groups Burberry and Asos look set to benefit from the weak pound when they report figures tomorrow.
Luxury brand Burberry is expected to reveal that sales are growing again following four quarters of decline in a row.
Analysts believe it will report a 1 per cent rise in sales for the second quarter of the year tomorrow – far better than the 3 per cent slide seen in the first quarter.
Burberry has benefited from the fall in the pound as tourists flock to its shops in the UK. But the main gain has been because it makes most of its sales overseas – with the value pushed up when the... read more

 
16 October 2016 in Business, Views: 48
Source: Daily Mail
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