June 13, 2018 / 6:16 AM / in 10 months

Weak British market drags down Mulberry's retail sales

LONDON, June 13 (Reuters) - British leather handbag maker Mulberry said retail like-for-like sales fell 7 percent in the 10 weeks to June 2 as growth in international markets failed to offset weak demand at home.

Mulberry said underlying sales in Britain were down 9 percent in the period due to fewer customers entering their stores, and fewer tourists. British retail sales had fallen by 1 percent in the previous year.

The group, which has tried to go back to its roots as an “affordable luxury” label over the past two years with lower-priced products, reported full-year profit before tax up 36 percent to 11.3 million pounds.

Reporting by Kate Holton; Editing by Alistair Smout

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below