Burberry has started its new financial year with an uptick in like-for-like sales, but the figure is a slowdown compared to the same period last year while retail revenue remained fairly flat. For its first quarter period ending June 30, the luxury British retailer’s retail like-for-like sales rose three per cent compared to the four per cent growth recorded in the same period a year earlier. READ MORE: Burberry’s Christopher Bailey to bag £13m leaving gift Burberry profits grow amid year of transition Burberry names Riccardo Tisci as new chief creative officer Burberry announces Gerry Murphy as new chairman Meanwhile, retail revenue growth was largely unchanged, at £479 million compared this year compared to the £478 million recorded last year year.
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Burberry records marginal growth in first quarter