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Burberry sales leap 40% as weak pound draws overseas shoppers

18 January | 07:30 PM | The Guardian | Retail

The Brexit vote and the slump in sterling that followed the referendum has delivered a big boost to sales at luxury label Burberry – powered by overseas shoppers who have flocked to the UK to stock up on branded goods. The classic British label, famous for its beige check design, said sales in the UK surged by 40% in the final three months of 2016, boosted by strong demand for goods such as its buckle bags, which start at around £500 for a mini leather version and climb to £8000 for an alligator version.



This is the most popular brand in the UK (and it's not even from here)

Aldi and Lidl have topped YouGov's ranking for the most popular British brands, beating well-heeled rivals John Lewis and Marks & Spencer. Every week last year YouGov asked a group of consumers whether they had heard good or bad news about the biggest brands in Britain - and the German immigrants came out on top.

cart in an isle - blue

Supermarkets failing to drop Buy One Get One Free deals

Supermarkets like Tesco and Sainsbury’s have boasted of getting rid of buy one, get one free deals on products that will soon go off. But MPs said the deals are still being promoted online.


Rolex is suddenly battling one of the biggest threats in history

1969 marked the beginning of a revolution in the watch industry. That was the year Japanese watchmaker Seiko introduced the Seiko Quartz-Astron 35Q, the first watch to be powered by a electrical oscillator regulated by a quartz crystal. It took nearly ten years and teams of engineers to develop.

My Tube: Gucci Garden: The Souvenir Collection
Gucci Garden: The Souvenir Collection

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BHS administrators quizzed over rising fees

BHS administrators charged with selling the remains of the collapsed retailer have been quizzed over their rising fees. Duff & Phelps – appointed by Sir Philip Green – is expected to charge more than £4m for its work, £500,000 more than originally estimated.

Amazon boxes

Amazon heads deeper into brick and mortar with books

For a company that long eschewed the brick-and-mortar world, Amazon is opening a lot of bookstores these days. It's got three up and running, in Seattle, San Diego and Portland, and says five more are coming. The profits from eight or even 80 bookstores are hardly a rounding error for the Seattle behemoth.

Hugo Boss Women

Fashion retailers join Westgate Oxford line-up

Mint Velvet, Guess and Gant are among 13 new retailers to have signed up for units at Westgate Oxford, which is due to open in October. With 10-months until opening, Westgate Oxford has revealed that the redevelopment is 70 percent pre-let, with fashion...

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