By region, Asia-Pacific and the Americas notched double-digit comparable-store sales growth. There was “high-single-digit growth” in Europe, the Middle East, India and Africa, while Korea, which has been struggling for a while, showed early signs of improvement in the three-month period.
While footfall was soft offline, it grew strongly online, the company said, although it does not break out separate figures.
“Consumers are increasingly channel-agnostic. They don’t mind how they shop at retail. In China, customers will often research online, and then buy in-store,” said Carol Fairweather, chief financial officer designate, during her first solo conference call on Wednesday.
To wit, she added that Burberry has been trialing an in-store collection service in 23 flagship markets, with plans for a worldwide rollout later this year. In the U.K., customers who shop online can currently collect their merchandise at the brand’s Regent Street and Knightsbridge stores.
She also said that in-store iPads were contributing to sales growth and higher conversion rates, with shop assistants able to order merchandise immediately to “ensure we never miss out on a sale.”
Burberry handily beat analysts’ forecasts. “We appreciate Burberry’s brand momentum and ability to drive [sales] conversion in a weaker and more volatile traffic environment for luxury players globally,” said Thomas Chauvet at Citi in London.
He said the brand is reaping the benefits of “a strong and innovative product offering, in-store retail discipline and merchandising skills and…costly investments in social and digital media drivers of traffic and image.”
Burberry’s 21 percent growth in the first quarter of fiscal 2013-14 compares with 11 percent growth in the fourth quarter of last year.
Burberry reported only retail sales on Wednesday, and will publish wholesale sales figures for the first six months in October. As reported, Burberry expects underlying wholesale revenue, excluding beauty, to drop about 10 percent in the period to Sept. 30.
Angela Ahrendts, the company’s chief executive officer, noted that the macro outlook remains uncertain going forward, and that Burberry would continue to focus its investment in profitable, high-growth opportunities by channel, region and product categories.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)