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https://www.canadagooseisverige.com Burberry sees hit from sterling after strong Christmas

LONDON (Reuters) canada goose coats Demand for coats and large leather bags helped Burberry top Christmas sales forecasts, though the British luxury brand said its incoming chief executive might have to cope with a hit to profit from a stronger sterling in the months ahead.

canada goose outlet location Shares in the 158 year old firm known for its camel, Canada Goose Parka red and black check pattern rose up to 7.1 percent on canada goose uk black friday Wednesday, as investors welcomed the strong sales in an industry jittery about volatile demand in China until cheap canada goose uk recently its engine of growth. canada goose outlet location

canada goose outlet houston The jury is out on canada goose uk outlet whether sales canadian goose jacket growth in the luxury goods industry this year will match, drop or slightly outpace the 10 canada goose factory sale percent rise recorded last year at constant currencies. canada goose outlet houston

canada goose outlet toronto Analysts at Bank of America Merrill Lynch and HSBC are forecasting a slight slowdown to 9 percent while others are expecting growth of 11 percent. Much will depend on China, where slowing economic growth and a government crackdown on Canada Goose Coats On Sale conspicuous consumption have cooled demand in recent quarters. canada goose outlet toronto

Finance chief Carol Fairweather told reporters comparable store sales in Hong Kong, Macao were up by a percentage and had just returned to double digit levels in mainland China during the period Canada Goose Outlet under review.

canada goose outlet seattle She said sales may have got a boost from local consumers buying canada goose coats on sale in advance of the Chinese Canada Goose sale New Year, the timing of which played in favour of Burberry reporting period this year. canada goose outlet seattle

canada goose outlet canada are pleased with our performance Canada Goose online in China but there is no real change in the trend, she told a conference call with journalists later on Wednesday. canada goose outlet canada

Burberry comments on the canada goose clearance sale subject are closely monitored since it was one of the first major luxury brands to warn of a slowdown in China back in September 2012, sending tremors throughout the whole luxury industry.

At 1235 GMT, Burberry shares were up 4.6 percent at 1,537 pence, the biggest rise canada goose clearance by a European blue chip stock.

canada goose outlet store calgary The stock has fallen 7 percent since October 15 when Burberry said Chief Executive Angela Ahrendts would step down in mid 2014 to take up a job at Apple. canada goose outlet store calgary

official canada goose outlet A general view of a Burberry store is seen in Beijing, November 29, 2013. REUTERS/Kim Kyung Hoon official canada goose outlet

buy canada goose uk She is due to hand over to long term chief creative officer Christopher Bailey later this year who will have a dual role, although the firm named a chief design officer to assist him in his creative functions. buy canada goose uk

canada goose outlet Bailey faces significant challenges when he takes over, including the planned integration of Japan into the group on expiry of an apparel licence in 2015, as well as growing revenue in fragrance and beauty after the firm began directly operating that business last year.

a translation impact, the underlying business remains strong, she said, adding that Burberry guidance for its retail, wholesale, beauty and licensing businesses remained unchanged from that given in November. dollar over the past six months. Fairweather said Burberry was not planning on changing its foreign exchange strategy or hedge the translation of its overseas profits.

canada goose outlet black friday Burberry said it had bought back franchises uk canada goose in Thailand, a top destination for Chinese tourists, after similar moves in China and in the Middle East in countries such as Saudi Arabia. canada goose outlet black friday

Burberry is one of many luxury brands, including Kering Gucci, which are buying back franchises in emerging markets to better control image and marketing investments.

But Fairweather said Burberry planned to on a franchise basis in Latin Canada Goose Jackets America.

canada goose womens outlet Burberry said its retail revenues rose 14 percent to 528 million pounds in the three months to December 31, the third quarter of its fiscal year. That compared with analysts average forecast of 520 million pounds, 464 million in the same period last year and first half growth of 17 percent canada goose womens outlet.

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