The company said sales in the three months to March 27 are now expected to jump between 28% and 32% compared with a year earlier. Burberry has also been focusing on selling more products at full price, rather than with discounts, and more sales are now seeing customers spend the ticket price. Russ Mould, investment director at AJ Bell, suggested wealthy customers who would typically travel to Europe to spend big in Burberry appear to be shopping in local Burberry stores instead. Expand Close Lockdowns across Europe have failed to dent Burberry’s sales (Victoria Jones/PA) / FacebookTwitterEmailWhatsapp Lockdowns across Europe have failed to dent Burberry’s sales (Victoria Jones/PA)He said: “A lot of its business has historically come from Asian tourists taking trips across Europe. In January it flagged good full-price sales in places like the Americas, mainland China and Korea.

Source: Irish Independent March 12, 2021 10:41 UTC