Burberry UK tourist boom boosted by pound's fall
Iconic trench coat maker Burberry has credited the fall in the pound for driving up sales in its UK stores by almost a third.
The British fashion house said tourists increased spending power helped drive comparable European sales, which strip out new store openings, higher for the first time in over a year.
The firm, which makes just 15% of its sales in the UK, said the pound's fall would increase full year profit.
However Burberry said total sales fell.
The designer blamed the 4% drop in total sales to £1.16bn in the six months to the end of September on a fall in wholesale and licensing... read more
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