BURBERRY OPENS MADRID STORE: Burberry has opened its first stand-alone store in Madrid, located on the city's Calle Ortega y Gasset. The 6,500-square-foot store will carry men's and women's collections and accessories from the Burberry Prosum line, alongside the Burberry London collection for men, women and children. The Madrid store is part of the company's plans to increase its net retail space by a minimum of 10 percent this fiscal year, with stores set to open before the end of the year in cities such as Kansas City, Mo., and Sydney.

MARGIELA AND BARNEYS: Maison Martin Margiela and Barneys New York have teamed up to exhibit one-of-a-kind garments at the Madison Avenue flagship. The three-week installation will be focused on Margiela's women's Artisanal collection of new and old pieces found around the globe that have been reworked entirely by hand. The clothes will be located on the fourth-floor women's area from Saturday through Sept. 30.

NATION OF SHOPKEEPERS: Historic sights might be the top draw for tourists visiting Britain, but the British luxury goods lobby Walpole is hoping a new initiative will persuade visitors to spend as much time on Bond Street as at Buckingham Palace. The committee, which represents British brands such as Burberry, Jimmy Choo and Harrods, has launched "Great Britain, The Greatest Brands," a marketing initiative to promote British brands to visitors in the run-up to the London Olympics in 2012. The company said in a statement that, although the number of visitors to the U.K. has risen by 122 percent since 1979, tourists' spending had increased by only 40 percent. The not-for-profit organization plans to approach the U.K. government to ask it to devote more funds to pitch the U.K. as a shopping destination to tourists, and to ease visa requirements for tourists visiting from countries such as China.

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