LONDON — Burberry Group plc’s retail sales may have easily outstripped analysts’ estimates in the crucial third quarter, but sales on the shop floor remain soft.
Burberry said in its third-quarter trading update Tuesday that retail sales in the three months to Dec. 31 climbed 11.3 percent to 464 million pounds, or $747 million. Calculated at constant exchange rates, retail growth was 13 percent, with a 6 percent rise coming from same-store sales, and the balance from new stores.
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