Burberry : The weather is still wintry
>A tough trend confirmed in Asia: we forecast a very marked decline in retail on a comparable basis for Q4 at -13%, vs -8% previously - The last quarter of the year ending March 2024 has been confirmed to be tough. Retail trends are not fundamentally changing from Q3 to Q4 in Europe and the Americas and remaining negative. However, the trends are the least favourable in Asia due to the tough comparison bases in China and south Asia (Hong Kong and Macao) and a generall...Burberry Group designs, makes, sources and sells luxury products under the Burberry brand. Co.'s products are for women, men and children and include apparel, accessories, and beauty. Co.'s products are sold globally through its directly operated store network and online at Burberry.com, as well as through franchisees and third-party retailers, both offline and online. In a few selected areas such as Eyewear and Beauty, Co. uses the product and distribution capability of licensing partners. Co. operates in three regions: Asia Pacific; Europe, Middle East, India and Africa; and Americas. As of Mar 31 2017, Co.'s store portfolio had 469 directly-operated stores and 48 franchise stores.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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