Burberry, the British luxury brand that announced the transformation last year, announced its results as of the end of March this year. At constant exchange rates, the profit for the period increased by 7% year-on-year, recording 437 million yuan (the same as the previous pound); down 1% year-on-year to 27.2. 100 million yuan; same-store sales rose 2% year-on-year, in addition, adjusted profits were flat year-on-year, to 438 million yuan.
All markets around the world have shown low single-digit growth. Among them, the retail sales of same-store sales in China recorded a low single-digit growth, but the decrease in tourists was driven by tourism consumption in other Asian countries, and the consumption of luxury goods returned, which accelerated the growth of the mainland market in the second half of the fiscal year; Hong Kong was generally stable, but the second half of the year The trend was soft; Europe, the Middle East, and India all recorded low single-digit growth; however, the same-store sales in Japan fell.
During the period, 18 of the Group’s net customs stores, 14 completed renovations, and it is expected that by the end of 2020, more than 80 retail outlets will be refurbished.