Well-known brand Burberry replica on the London Stock Exchange since 2002 fell below the issue price listed. The global economic slowdown dented demand for luxury goods, after it has just released its latest earnings than analysts had expected cut in half. And it also had to open stores pace slow down.
Burberry is a design, manufacture and sale of luxury British clothing company. Their products include women’s and men’s clothing, as well as the Israeli-Palestinian Burberry brand handbags, scarves, feathers and perfume. The company has branches in Europe, USA, Japan, while many OEM garment factories.
Burberry shares fell 18 percent, 160 million pounds combined $ 240 million in market value evaporated disappear. Its pre-tax deduction of the total revenue this fiscal year, according to analysts expect the fact that there is or may be lower and lower. London headquarters said Burberry replica handbags store average sales area of growth next year will be less than 10%, which is far lower than the magnitude of the expansion in the first half.
Burberry said that if no new happens, six months of its distributors and tertiary vendors turnover also dropped significantly. With the economy shrinking and the demand for luxury goods market turmoil significantly reduced, even the richest consumers cut spending from jeweler Bulgari SpA and luxury retailer PPR recent decline in performance can be obtained the same conclusion.
“There is no doubt that 2009 will be the most difficult year for luxury goods companies.” John Guy analyst at MF Global Securities in London, he said. He recommends buying shares of Burberry. Because the next Burberry possible use of traditional British style stimulate sales.
Burberry said it has been replaced with a third of the ocean air transport to save costs. In order to attract customers, it will be in use on the basis of traditional tartan, accelerate new product development and production. CEO Angela Ahrendts said that this is the design of the product called “heavy weapons.”
“In this industry for 30 years, I have never been so concerned about the market environment.” Angela Ahrendts said:. “At the same time, I had never felt so optimistic about the company’s prospects.”
Burberry replica outlet is also preparing to produce a denim handbag, the price will be around £ 125, in order to attract some people who intend to control the budget. Chief Financial Officer Stacey Cartwright to magazine editors revealed the news. And she added that the company’s most expensive products are still selling them.
Burberry is aiming shoes, children’s clothing as well as growth in emerging markets. It is planned for each department within five years total sales growth of 10 percent. It will put more advertising budgets to the network, as compared to magazine ads, celebrities grace appearance on the network will “last forever.”
Based on revised data, the analysts expect Burberry annual pre-tax income will be between 160 million and 215 million pounds.
Series “Sex and the City”, the Burberry black fur coat pleats was actress Sarah Jessica Parker wore. This coat style is the original Burberry, reminiscent of the novels detective image, or a sad movie characters.