LONDON - British luxury goods Group Burberry PLC company is inciting openings again after outbreak of other accessories and leather bags Thursday that sales has more than doubled its profits throughout the year.
But strong earnings did not prevent a slowdown in the stock of the company of 155 years as some investors reserved some profits after the Burberry, said that its investment in expansion would hit operating margins in the first half of the fiscal year.
Burberry mounted a strong bulging in the market for luxury goods world to post a net profit of 208.4 million pounds (340 million dollars) for the 12 months at the end of March, compared to 81.4 million pounds the previous year.
Income to the company known for its distinctive red, black and Brown plaid fabric, stir-fry from 25% to ￡ 1.5 billion, 1.2 billion pounds.
Profits were driven out by an increase of 35% of sales of goods non-vêtements, such as jewellery, hand bags and shoes. High application of range of the Group was particularly strong in Europe Asia and Chinese tourists.
"For the moment Burberry remains a rare and remarkable enjoying retailer of a stellar growth trajectory,", said Richard Hunter, head of the shares of U.K. to Hargreaves Lansdown stockbrokers.
However, Hunter noted the company "remains." exposed to changes in demand for luxury products, which in turn is connected to the General global economic health
"In addition, the Group has a high exposure to clothing for a provider of luxury, which could bring some concerns that the change of fashion trends," he said.
Burberry shares fell by 4% to 1268 pence as the group based in London, said that throughout the year operating profit increase would be "modest" after three years of strong gains.
Still, Burberry plans to open new stores of 20 to 25 this year to capitalize on a strong rebound in the market for luxury goods world following the global economic crisis.
"While it is aware of the global challenges macro in the current year, we will continue to invest for growth across our portfolio by channel, product, region", said Chief Executive Angela Ahrendts.
High range sector has recovered much faster than the rest of the retail market.
Consultancy of U.S., Bain & Co. earlier this month retail sale above forecast sales of luxury in the world to grow 8 percent this year to euro185 billion. Bath predicted that the United States remains the largest market in the world with an increase of 8% of sales of euro52 billion, but noted a surge of 25 100 expected in growth in China. European growth, at the same time, has been estimated at 7%, while Japan - traditionally a strong performer - was expected to decrease by 5% after the recent earthquake.
Burberry focused these past new openings in the emerging markets, which represent 16% of the retail group and large income, including the India, the Brazil and the Mexico. It has now 174 stores mainline, 199 concessions in stores and 44 points of sale.
China, where it has 57 stores, is a major target for the company after paying 12 per cent of underlying retail sales.
Burberry is transformed in the course of the five years that Ahrendts held the position since its entry in the company of Liz Claiborne Inc., with star power as actress "Harry Potter" Emma Watson in the campaigns to counter perceived plaid fabric overexposure famous.
In the global financial crisis, society has established a program of spending reduction that reduces jobs in Britain and Spain, but he has stuck with openings in Asia and America. This year, the company plans an increase of 12-13% on average retail selling space, with a tendency towards China, Latin America and the Middle East.
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