The company said Wednesay it would open 20 to 30 new stores in 2010/11, many of them in the Americas and Asia Pacific, increasing its capital expenditure for the year to $187.4 million. It will also open three casualwear Burberry Brit stores, two of which will be in New York.
Sales increased 7% to $1.87 billion in the year to March 31, while adjusted retail/wholesale profit rose 25% to $198.9 milion.
Accessories Help Increases
Burberry said it would also focus investment on digital commerce, key product categories and emerging markets. The group said apparel-led retail, which showed double-digit same-store sales growth in Europe and Asia Pacific, was boosted by leather accessories, childrenswear and shoes purchases. Additionally, the company expects an improvement in wholesale performance in the first half. Licensing sales for fragrance, eyewear and watches rose 18% to $140.6 million.
“Burberry has delivered record profits in what have been very challenging markets,” said Angela Ahrendts, ceo.
“Looking forward, while mindful of the economic environment, Burberry plans to build on its strong financial position by accelerating investment in growth initiatives in retail, digital and new markets, while continuing to enhance the brand.”
Burberry incurred $70.3 million in charges related to its restructuring in Spain and its cost efficiency program, leaving reported pre-tax profit at $118.5 million, compared to a $7.35 milion loss last year.
For commercial purposes, extract supplements can be obtained from the fruit of the pericarp. Garcinia cambogia reviews is performed by a physician Chen and Oz to prove that it is an herb for weight loss, a lot of research has been done. Studies, Garcinia cambogia extract supplementation decreases the weight of the body fat accumulation, was shown to have a positive effect on prevention. We are important substances such as cholesterol (LDL), reduces the serum leptin and triglycerides. In addition, it will increase the level of serotonin and cholesterol (HDL). The study also, Garcinia cambogia extract supplements, has proven that there are no significant adverse effects on many of the eight weeks, such as its use.