LONDON — After a bumpy 12 months and continued soft footfall at its mainline stores, Burberry Group ended the fiscal year on a high, beating analysts’ fourth-quarter estimates and returning to double-digit revenue growth.
Burberry said in a trading update Wednesday that fourth-quarter revenues climbed 11 percent to 503 million pounds, or $780 million, fueled partly by strong retail sales during the Chinese New Year, and store openings in the region.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)