Burberry Sales Rising

According to Reuters, group sales at fashion house Burberry rose 3 percent in the second half of the past year as strong and increasing growth rates in the retail operation offset an expected decline on the wholesale side. Burberry, demerged in December when retail sales increased 13 percent in the six months to March 31, driven by new stores and growth in existing outlets -- with the fourth-quarter result even higher at 16 percent.

"Retail operations were the highlight of Burberry's fourth quarter. Consumers' favourable response to spring merchandise, particularly womenswear, and an exciting advertising campaign contributed to the strong retail performance," Chief Executive Rose Marie Bravo said in a statement.

Burberry, long famous for its camel, red and black check design, has also added pink raincoats, bikinis and eyeware to its range in recent years.

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