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    Burberry Reform Efforts Have Failed To Establish A Sustained Recovery Trend.

    2019/1/25 21:59:00 73

    Luxury GoodsBurberryMarket

    In the pition period of product upgrading, Britain is the largest.

    Luxury goods

    group

    Burberry

    Group PLC (BRBY.L) Cooper has already slowed down its weak retail sales.

    Julie Brown, chief operating officer and financial officer, played down China in today's performance conference call.

    market

    On the contrary, it warned the serious potential impact of "no agreement to break Europe".

    According to the world clothing and shoe net, the early Burberry Group PLC (BRBY.L) fell 2.96% on Wednesday, and rebounded up to 2.36% after the conference call.

    Julie Brown pointed out that if the United Kingdom had no agreement to take off Europe, it would need to trade according to the current provisions of WTO, and Burberry Group PLC Bo Bo Li would lose tens of millions of pounds per year because of the increase in tariffs.

    What's more, because the group's production base is located in Yorkshire, the Julie Brown, the biggest problem facing them is to protect the supply chain.

    She explained that the import and export of large quantities of raw materials, samples and finished products between the United Kingdom and the European Union countries will result in logistics delays caused by customs clearance, which will affect design, product development and customer performance. In European stores, for example, the group can only deliver orders within one to two days. If the border inspection is carried out in the future, there will be no guarantee of effectiveness. In order to alleviate the impact of the group, it is necessary to raise the inventory level in the European market, which will reduce internal efficiency and will inevitably affect the balance sheet and cash turnover.

    She also revealed that the group had set up a special team to deal with the problem of Europe.

    According to the current treaty, Britain will officially leave the EU in March 29, 2019.

    James Dyson, founder of Dyson Ltd., and Dyson James, a private European company, announced yesterday that the move of the group headquarters to Singapore triggered a strong condemnation from the UK.

    Julie Brown told analysts today that Burberry Group PLC, Bo Bo Li, will not leave the UK, and the group has not adjusted its full year performance outlook as at the end of March.

    In the three quarter of December 29th, Burberry Group PLC, Bob Bailey, achieved a retail income of 711 million pounds, 1.1% less than the 719 million a year earlier, and a fixed exchange rate reduction of 2%.

    Same store sales recorded a growth of 1%, less than 2% of market expectations, or 3% of the one or two quarter.

    The management did not provide specific data for each market. It only pointed out that the Asia Pacific region benefited from the median digit growth in the mainland of China, and the consumption of tourists in EMEIA has increased.

    Although Riccardo Tisci has joined Burberry Group PLC, Bob Boley as chief creative officer in early 2018, the first complete series released in London Fashion Week Last September will be fully available next month.

    Group CEO Marco Gobbetti Gobbetti pointed out that in the past year, marketing promotion around Riccardo Tisci has established brand fever and changed consumer's inherent cognition of brand design. He also expressed satisfaction with the development of high-end brand.

    Given that Burberry Group PLC Bob Lee has failed to establish a sustained recovery trend over the past few years, the market can only wait and see.

    Burberry Group PLC (BRBY.L) "neutral" rating of Citigroup Inc., said Citigroup analysts, the group's growth rate is still far below the expected holiday season high growth of Kering SA (KER.PA) Kai Yun group and Moncler SpA (KER.PA) can be proud of the same line.

    The bank also recognized its management's efforts in innovating product design and store concept, cleaning up wholesale distribution, focusing on improving sales efficiency, e-commerce and cost control, but believed that the recovery time and scale of the brand were yet to be verified.

    RBC Capital Markets adds luxury products analyst Rogerio Fujimori, said that although the new creative director's high-profile publicity has created a lot of topics, other brands such as Gucci Gucci and Louis Vuitton Louis Weedon have also successfully created the heat.

    "For all luxury brands, what they currently participate in can be said to be a game of growth in the industry which has slowed down in previous years," Rogerio Fujimori wrote in the study.

    German investment bank Berenberg berlberg bank this week lowered the rating of Burberry Group PLC (BRBY.L) from "buying" to "holding". The bank believes that the market value of Burberry Group PLC boblie is too high in the context of Sino US trade war, China's GDP growth rate in 2018 has reached a 28 year low and global economic instability has increased.

    Julie Brown told analysts today that the global group's sales for Chinese are slightly growing.

    She pointed out that because of the weakening of the renminbi, more and more Chinese people are willing to stay at home shopping, while the number of Chinese tourists in Hongkong, Japan and Korea has declined.

    Compagnie Financi re Richemont SA (CFR.S), the peak group, Tiffany Co. (NYSE:TIF) Tiffany and Hugo Boss AG (c) Hugo BOS have reflected the same phenomenon in their recent earnings reports.

    The highest increase in Burberry Group PLC (BRBY.L) on Wednesday ended to 3.94%, rising 2.93% to 1828 pence throughout the day, and now it is worth about 7 billion 500 million pounds.

    Over the past 12 months, the stock rose 12.77%, winning 16.47% of the FTSE 100 index.

    More interesting reports, please pay attention to the world clothing shoes and hats net.

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