×
458
Fashion Jobs
MAJE
Supervisor - Selfridges, London
Permanent · LONDON
HARRODS
Technogym -Wellness Consultant
Permanent · LONDON
JOSEPH LTD
Full Time Menswear Supervisor (Mayfair)
Permanent · LONDON
MICHAEL KORS
Account Executive
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Flagship General Manager – Luxury Fashion – Regent st – £80k-£90k + Bonus
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Online Customer Service Manager
Permanent · HUNGERFORD
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Kings Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Notting Hill
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Showroom Sales Representative
Permanent · LONDON
TOO FACED
Business Manager - John Lewis Brent Cross
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Ltrtw & Mtm Client Service Manager – Luxury Ladieswear – Knightsbridge – £30k-£40k + Comm
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Haute Couture Client Service Manager – Luxury Ladieswear – Mayfair– £40k-£60k + Comm
Permanent · LONDON
MAJE
Sales Supervisor, Full-Time - Harrods, London
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Canary Wharf
Permanent · LONDON
HEAD OFFICE
Brand Manager
Permanent · LONDON
BETTY BARCLAY GROUP GMBH & CO KG
Retail Operations Manager
Permanent · LONDON
RETAIL PERM
Beauty Salon Manager
Permanent · LONDON
TOO FACED
Business Manager - Liverpool - New Mersey Retail pk (Speke), UK
Permanent ·
TOO FACED
Business Manager - Lisburn Sprucefield sc, UK
Permanent ·
TOO FACED
Business Manager - Stockton on Tees Teeside, UK
Permanent ·
Advertisements

Burberry to close one in 10 of its stores

Published
today May 17, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Burberry will close 38 stores worldwide as part of a new transformation plan led by CEO Marco Gobbetti to move more upmarket.


Burberry


This means 10% of the British brand’s store portfolio will be impacted by the new strategy, as the company shifts gears to transform its flagship stores into fully-fledged luxury destinations for wealthy shoppers.

It remains unclear which stores will close, but Burberry told The Guardian that five sites have already shut in Brazil and Spain.

Burberry shares fell 5% on Thursday after the company unveiled its latest set of results. Whilst sales for the year to 30 March remained stable at £2.7 billion, operating profit was down 6% to £438 million and the report did little to reassure concerned investors of a Chinese slowdown.

As part of the long-promised turnaround, Gobbetti has brought in Italian fashion designer Riccardo Tisci to help inject energy into the 163-year old brand. His first collections, released in stores at the end of February, have been well received by customers but the extent of his influence will be only fully revealed in the new financial year.

Earlier this month Burberry sold a 10-acre site in Leeds where it was planning to build a £50 million British manufacturing base. The project was spearheaded by former creative director Christopher Bailey, who left the brand in 2017 amid investor concerns over flagging sales in China and the Middle East.

Copyright © 2019 FashionNetwork.com All rights reserved.