All Burberry articles – Page 3
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NewsKingfisher and Burberry unveil ‘ambitious’ new sustainability targets
Kingfisher and Burberry have lifted the lid on ambitious new carbon reduction targets in a bid to beef up their sustainability credentials.
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NewsBurberry hails ‘strong’ full-year results despite sales and profits fall
Burberry has recorded a decline in its full-year sales and profits, but boss Marco Gobbetti hailed the luxury retailer’s resilience as full-price sales drove momentum.
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Retail Navigator AnalysisBurberry (Overview)
Amid slumping sales, however, Akeroyd stood down from his role in mid-2024 “by mutual agreement”, with former Michael Kors CEO Joshua Schulman taking the helm at the luxury retailer from July. Schulman announced his ‘Burberry Forward’ strategy in November 2024, amid a 22% decline in revenue to £1,086m in the 26 weeks ended 28 September 2024 (H1 FY2024). He said this would “reignite desire, restore growth and get Burberry back on the path to sustainable value creation”.
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Retail Navigator AnalysisBurberry (SWOT)
As part of the revitalisation of the brand, the product range has been extended significantly, with the introduction of footwear, jewellery and home products, reinforcing the status of the label as a luxury lifestyle brand.
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Retail Navigator AnalysisBurberry (People)
Former chief executive Jonathan Akeroyd stood down amid falling sales, with Joshua Schulman taking the helm from July 2024.
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AnalysisChina boycotts H&M: Will Western brands have to choose between ethics and profits?
Tensions between China and the West reached boiling point last week as several countries, including the UK, imposed sanctions over human rights abuses against Uighur Muslims and retail found itself caught in the crossfire.
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AnalysisFrom catwalk to high street: is genderless fashion the future?
Not only did London Fashion Week go digital this year, it went genderless – but what could that mean for fashion retail?
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NewsBurberry becomes first non-essential retailer to return business rates relief
Luxury fashion giant Burberry is to voluntarily hand back savings made through business rates relief during the Covid-19 pandemic.
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AnalysisWorldview: How Chinese retail lit a fire under its Covid-19 recovery
In the first instalment of our new Worldview series gleaning insight and inspiration from global markets, Eliam Huang analyses how China is bouncing back from Covid-19.
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AnalysisHow Dixons, Joules and Hotel Chocolat’s online prowess saved Christmas
Bricks-and-mortar retailers up and down the country had feared a Christmas washout as the UK veered in and out of lockdowns at the end of 2020.
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NewsBurberry hails ‘good progress’ as online sales surge over Christmas
Burberry has posted a spike in online sales during the golden quarter as it hailed “good progress” on its transformation strategy.
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GalleryIn pictures: New stores that brought the wow factor in lockdown year
2020 may be more synonymous with shuttered stores but it did bring us some eye-catching new shops. Retail Week rounds up some of the best to whet your appetite
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AnalysisWatch: Who won the battle of the Christmas ads?
This year more than most, people have been looking forward to the beginning of Christmas ad season. We’ve had the return of Kevin the Carrot, John Lewis giving a little love and racist comments surrounding the Sainsbury’s ad. But which offerings have hit the mark?
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NewsBurberry ‘encouraged’ by recovery despite sales slide
Burberry has recorded a sharp drop in profits and sales amid the pandemic, but has seen shoots of recovery in certain regions.
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NewsBurberry partners with Twitch to livestream fashion show
Burberry has partnered with streaming service Twitch to livestream its spring/summer 2021 fashion show.
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GalleryStore gallery: Burberry and Tencent unveil social media-powered concept store
Burberry and Chinese technology giant Tencent have collaborated on a new concept store in China, which has been dubbed a ‘social retail’ experience.
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Opinion‘Retailers must seize Covid opportunity to radically restructure’
The need to transform to keep pace with consumer demands and habits is a never-ending narrative in UK retail.
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NewsBurberry cautions post-pandemic recovery will take ‘some time’
Luxury goods retailer Burberry anticipates a potentially lengthy period before business returns to normal.
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NewsBurberry store sales decimated by coronavirus
Burberry has suffered an eye-watering slump in sales after admitting the negative impact on demand sparked by coronavirus has “intensified” over the past month.
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GalleryStore gallery: Inside Burberry’s AR-fuelled Arctic pop-up
Taking over the ‘Corner Shop’ at Selfridges, Burberry has launched an Arctic-themed AR pop-up experience.