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July 27, 2017 — 11:43

British luxury brand Burberry (Burberry) hope that in London, Chicago and Hong Kong and other tourists and wealthy people favor large cities to invest in building more stores, thereby offsetting the impact of the global economic slowdown.

Burberry Burberry Wednesday announced the latest earnings show that its earnings and then showed the trend of growth. Burberry official website said that next year will invest up to 200 million pounds (about 316 million US dollars) of funds, of which about one-third for larger stores, a London store will move to Regent Street, a Chicago store will be rebuilt.
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Burberry Burberry CEO Angela (Angela Ahrendts) said that the global luxury goods sales mainly from major cities, Burberry in the big city there is still room for growth. “We think that Burberry has not infiltrated these markets, so we will focus on big cities, and we think that these flagship markets are free from the global economic environment,” she told the author.

As the debt crisis triggered concerns and China and some other emerging market economic slowdown, luxury market share in recent months, shocks. China’s high demand for high-end luxury goods, offset the weak European and American markets.

In April this year, even the rapid growth of Burberry, quarterly sales growth has slowed. British high-end brand Yage Lion Dan (Aquascutum) earlier this month before the acquisition, has filed for bankruptcy protection. Alende said that with a 156-year history of Burberry is not worried about the Asian luxury demand weakened. “Our brand has great potential for development, and the product has never been as good as it is now, and there are more consumers involved in brand interaction on the major social media platforms,” she said in a conference call.
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Burberry Burberry CFO (Stacey Cartwright) said Burberry Burberry is not like some people imagine that depends on the consumption of tourists in the Far East, “We are in the world’s major flagship market customers not only from Asia or China, but also from Russia, the Middle East , India and Brazil and other countries.

Burberry brand in the Chinese mainland market sales have declined, but the brand that will adhere to the original development strategy, continue in the Chinese market to maintain the annual opening of 10 stores plan. For the three months ended Sept. 30, the Burberry brand’s revenue rose 2.6% to 475 million pounds, while the relatively slowdown was mainly due to a decline in sales in China and the UK. The same time as the above-

The same time as the above-
Burberry brand in the Chinese mainland market sales have declined, but the brand that will adhere to the original development strategy, continue in the Chinese market to maintain the annual opening of 10 stores plan. Burberry brand last month after the release of sales data, really let many luxury brands shocked, but also to the brand’s share price suddenly down 21%. Brand said that the Chinese market is always very confident, will adhere to the original development strategy, is expected in the future of China’s 32 cities 68 Burberry shop increased to 100.
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The same time as the above-
For the three months ended Sept. 30, Burberry’s Burberry brand rose 2.6 percent to £ 475m, while the relatively slowdown was mainly due to a decline in sales in China and the UK. Compared with the first quarter, Hong Kong, France and Germany, the growth rate remained good momentum, but the UK, the Chinese market has slowed, while the South Korean and Italian markets are relatively weak.

The same time as the above-
Burberry brand also announced that the original brand will be handed over to Inter Parfums on behalf of the production of cosmetics and perfume business recovery, into the brand independent production model, as of September 30 during the six months, Burberry Burberry brand revenue rose 6.4 % To £ 883 million.