Burberry like for likes down

In the three months to 31 December 2008 same store sales were down 3 per cent.

Burberry said that adjusted profit before tax for 2008/9 is expected to be in line with guidance. Angela Ahrendts, Chief Executive Officer, said: ‘Revenue at Burberry increased by 9% at constant currency (30% reported), in what remained challenging and volatile markets. There was an improved retail performance in December, albeit with continuing pressure on gross margin.

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