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.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"