We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Sep 19, 20204:40am

Burberry to close 38 stores

British luxury company has explained that is planning to transform its commercial network in order to convert their stores into luxurious destinations. The group has already closed some points of sale in Spain and Brazil.

May 17, 2019 — 5:15pm
MDS
Related topics
Save

Storefront of company's Burberry

 

Burberry rearranges its commercial network. British luxury company has announced an optimization plan of its retail, which consists on closing unprofitable stores, with the aim of converting its establishment into luxurious destinations for the customers.

 

The company has already started this strategy closing five stores in Brazil and Spain, according to The Guardian. However, Burberry has not revealed yet the location of the rest of points of sale due to be shut down.

 

This move comes after the British company’s annual results publication of 2018, in which its sales stalled. The company contracted its volume of business by a 0.4%, until 2,720 million pounds (3,503 million euros), while the net benefit rocketed by a 15%, getting to 339.1 million pounds (436.7 million euros).

 

 

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...