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Burberry's turnaround was always going to be an uphill battle. Now, as the pandemic thwarts the company's plans to reinvigorate top-line growth this year, Marco .

As well as rigorously managing costs and putting long-term financing in place to see it through the worst of the pandemic, Burberry is localizing its brand plans and strategies, and shifting . Burberry has rebounded strongly from the impact of Covid-19, and delivered a sound endorsement of its three-year transformation program. Burberry's turnaround was always going to be an uphill battle. Now, as the pandemic thwarts the company's plans to reinvigorate top-line growth this year, Marco Gobbetti is betting that a digital edge with Asia's Millennial and Gen-Z clients will pay off.

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As well as rigorously managing costs and putting long-term financing in place to see it through the worst of the pandemic, Burberry is localizing its brand plans and strategies, and shifting .

Burberry has rebounded strongly from the impact of Covid-19, and delivered a sound endorsement of its three-year transformation program. The Shenzhen store, located in the same city as Tencent’s headquarters and considered to be China’s tech capital, meets digitally native millennial and Gen Z customers with Burberry’s social media and gaming tools, says Mark Morris, Burberry’s senior VP . Diving deeper into Burberry’s digital strategy. The company’s digital strategy emphasizes on the word “revolutionizing” — and upon gaining a better understanding of it, that term seems justified. Burberry understands that its customers are visually-driven. What is Burberry’s future in China? After a rebound in sales since last December, driven by a strong recovery in China (and South Korea), Burberry upgraded its full-year profit forecast in March. However, the challenge for luxury now is .

U.K. luxury fashion retailer Burberry has upgraded its full-year profit forecast, driven by a robust recovery in demand for its luxury goods in China and South Korea.

Burberry today reported fast digital growth and social engagement as it reached new, younger shoppers in Asia in the first quarter of its financial year. Retail sales grew by 86% compared to the previous year. Burberry is continuing to make inroads with a younger demographic, reporting a 26-per-cent lift in sales of goods at full-price in the latest quarter driven by new customers. Full-priced sales increased by “double digits” in China, Korea and the Americas, driven by Christmas and Lunar New Year campaigns, as well as a bigger focus on online pop-ups and activations supporting a 50 per cent increase in full-priced sales in Burberry’s digital channel.

Burberry's turnaround was always going to be an uphill battle. Now, as the pandemic thwarts the company's plans to reinvigorate top-line growth this year, Marco Gobbetti is betting that a digital edge with Asia's Millennial and Gen-Z clients will pay off. As well as rigorously managing costs and putting long-term financing in place to see it through the worst of the pandemic, Burberry is localizing its brand plans and strategies, and shifting . Burberry has rebounded strongly from the impact of Covid-19, and delivered a sound endorsement of its three-year transformation program.

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The Shenzhen store, located in the same city as Tencent’s headquarters and considered to be China’s tech capital, meets digitally native millennial and Gen Z customers with Burberry’s social media and gaming tools, says Mark Morris, Burberry’s senior VP .

Diving deeper into Burberry’s digital strategy. The company’s digital strategy emphasizes on the word “revolutionizing” — and upon gaining a better understanding of it, that term seems justified. Burberry understands that its customers are visually-driven.

What is Burberry’s future in China? After a rebound in sales since last December, driven by a strong recovery in China (and South Korea), Burberry upgraded its full-year profit forecast in March. However, the challenge for luxury now is .

U.K. luxury fashion retailer Burberry has upgraded its full-year profit forecast, driven by a robust recovery in demand for its luxury goods in China and South Korea.Burberry today reported fast digital growth and social engagement as it reached new, younger shoppers in Asia in the first quarter of its financial year. Retail sales grew by 86% compared to the previous year. Burberry is continuing to make inroads with a younger demographic, reporting a 26-per-cent lift in sales of goods at full-price in the latest quarter driven by new customers.

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burberry asia digital|burberry china news
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