British luxury fashion label Burberry reported a better-than-expected 2 percent rise in retail sales in its second quarter.
Richard Hunter, head of research at Wilson King Investment Management, comments on luxury fashion brand Burberry and how it may benefit from weak sterling.
European stocks came off their session lows in afternoon trade Friday to trade 0.1 percent higher.
European stocks ended mostly mixed on Wednesday, as a renewed decline in oil prices put a dampener on sentiment.
China’s luxury consumers are moving beyond bricks and mortar and going online for their next python-skin handbag fix.
Tesla hired an Apple executive with experience in digital retail for high fashion and tech brands.
European stocks closed mostly lower on Wednesday as equity markets struggled to hold gains, despite hopes of further monetary easing around the world.
SW Retail Advisors president, Stacey Widlitz reacts to Burberry’s latest earnings, while commenting on what she expects from the upcoming chief executive, Marco Gobbetti.
Burberry reported a 3 percent drop in like-for-like sales in a "challenging" first quarter, underlining the size of the task facing Marco Gobbetti when he takes over as chief executive.
Michelle McGrade, chief investment officer at TD Direct Investing, looks at the change of leadership at U.K. brand, Burberry, adding that she’s quite bullish on the luxury sector.
Shares of Burberry shot up by 6 percent after the company announced a new CEO on Monday.
The U.K. vote adds yet another wave of uncertainty to sales and profits at high-end retailers.
Burberry paid its chief executive 75 percent less last year than in the 2014-15 period after the British luxury brand failed to meet its profit target.
European indexes closed mostly higher as investors reacted to volatile oil markets and awaited the minutes of the latest Federal Reserve meeting.
British luxury fashion group Burberry said it would overhaul its retail operations and simplify its product range after its full-year profit fell 10 percent.
Jharonne Martis, director of consumer research at Thomson Reuters, says while Burberry is popular among Chinese consumers, its merchandise is not as resilient as other luxury makers in the market.
Looking at Burberry’s latest earnings, Michelle McGrade, chief investment officer at TD Direct Investing, says the designer has to find a way to maintain being the “brand that everyone wants to buy.”
European markets closed higher on Wednesday, as crude oil prices pared losses.
On June 23, all eyes will be on the U.K. as it decides whether it wants to stay in the EU. Here's what key sectors are saying about a “Brexit”.
European stocks finished Friday in the red as investors digested the latest earnings and China data, ahead of a key oil summit this weekend.