Comparable retail sales jumped 90% in the three months through June from a year earlier, the London-based company said in a statement on Friday. Burberry, like rival purveyors of luxury goods, suffered in the first half of last year as countries around the world imposed lockdowns to curb the coronavirus. Burberry said it benefited from strong demand by younger customers in key categories such as leather goods and outerwear. Burberry is also developing its leather goods offering, a crucial category that’s shown resilience during the pandemic at rival brands Louis Vuitton and Hermes. Speculation has also arisen on whether Riccardo Tisci, Burberry’s creative director and a long-time collaborator of Gobbetti’s, will follow him.

Source: News 24 July 16, 2021 06:33 UTC