KEY TAKEAWAYSBurberry shares in London trading surged after the luxury group posted better-than-expected sales over the third quarter, raising investor hopes that the sector is on the path to recovery.The British company is in the midst of a turnaround to focus on its core products like scarves and trenchcoats.Burberry posted a 4% comparable store sales drop, beating analysts' estimates. Burberry (BRBY) shares in London trading surged after the luxury group posted better-than-expected sales over the third q ...

Hi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old. In 2023 I graduated in Business Administration and I am completing my studies. My interest in financial markets started about 5 years ago when I accidentally came across a video about trading. That was the spark that introduced me to a new world, but over time I realized that it was not my path: too many charts, lines, and not very concrete concepts for a pragmatic person like me. I needed something different ...

Shoppers walk into a Burberry store at Fashion Valley, an upscale shopping mall on December 13, 2024 in San Diego, California.Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, providing a first glimpse of CEO Joshua Schulman's efforts to revamp the beleaguered British fashion house.Comparable sales declined 4% in the three months to December. Analysts had anticipated a 12% decrease in a company-compiled consensus estimate.Schulman in November announced urgent pl ...

benedek Five long years have passed since the pandemic began, and yet its aftershocks are still ringing around the world, causing political and economic difficulties. The good news is that those aftershocks are now much smaller than they were ...

As the Head of Markets and Research at Investors Edge, John Choong's primary goal is to outperform the market over the long term, through successfully identifying sectors and companies with consistent growth potential.His comprehensive macroeconomic analysis as well as detail-orientated analysis has provided investors with actionable insights and strong-performing share tips. As a result, he is currently ranked the number one analyst in the UK, according to stock tip-recommendation website, Stockomendation. ...

The British luxury trench coat brand and company Burberry Group plc ( OTCPK:BURBY ) might have had a forgettable 2024 at the stock markets so far (see chart below), but it has seen some impressive improvements recently.Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. Her investing group, Green Growth G ...

Shoppers walk past Burberry's Shanghai storeKevin Lee | Getty ImagesLONDON — Burberry is aiming to win back shoppers and boost waning sales by refocusing on heritage designs and statement pieces under sweeping revamp plans designed to revive the luxury fashion house's ailing fortunes.The "Burberry Forward" strategic overhaul, announced Thursday, intends to reconnect the brand with its "original purpose" while taking a more disciplined approach to product selection, with a focus on its staple coats and scarv ...

KEY TAKEAWAYSBurberry Thursday outlined a new strategy that will focus on scarves and the outerwear such as trenchcoats it is known for as the British luxury group reels from a sharp quarterly loss.The strategy shift drove Burberry shares up as much as 17% in London trading though the stock remains 40% lower this year.The luxury firm, like the rest of the industry, has been grappling with slowing demand from Burberry (BURBY) on Thursday outlined a new strategy that will focus on scarves and the outerwear s ...

Burberry's CEO Joshua Schulman says the brand is undergoing an urgent "course correct."The strategy aim comes as the luxury brand reports revenue plummeted 22% in its interim results. The brand admitted it had priced out many consumers. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...