{"id":210598,"date":"2026-07-17T07:35:11","date_gmt":"2026-07-17T07:35:11","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/210598\/"},"modified":"2026-07-17T07:35:11","modified_gmt":"2026-07-17T07:35:11","slug":"turnaround-strategy-is-working-says-burberry-despite-iran-war-pressure","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/210598\/","title":{"rendered":"Turnaround strategy is working, says Burberry, despite Iran war pressure"},"content":{"rendered":"\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Burberry has said its turnaround strategy is working, on the back of growth in North America and China, but spending in Europe has come under pressure amid the conflict in the Middle East.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Boss Joshua Schulman said he was pleased with the luxury fashion brand&#8217;s progress over the first quarter, as it pushes ahead with the Burberry Forward turnaround strategy launched in late 2024.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The business has refocused on its British heritage and altered its pricing strategy, shifting away from some of its ultra-luxury lines.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The London-listed business reported that retail revenues lifted by 5% to \u00a3455 million for the 13 weeks to June 27, compared with a year earlier.  <\/p>\n<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/1810672D6B925E754051F486E98C45B29EDC2AB4C9FA0BFE14843263F80E0D3B\/subgraphmysterio\/resizefit_w960;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Fsnappa.ukfinance%2Ffbaf124e9843d678e9fa91f1f032ee84\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Romeo Beckham on the catwalk at the Burberry show\" height=\"422\" width=\"640\" class=\"yf-lglytj loader\"\/><\/a> Romeo Beckham on the catwalk at the Burberry show during London Fashion Week (Lucy North\/PA)           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Growth was also supported by a 1% increase linked to positive currency exchange rates.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">It said the recent positive performance was supported by 12% growth in its Americas business, and a 9% rise in greater China.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">China had a particular boost from local shoppers and strong demand from Gen Z customers, the brand said.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Elsewhere in Asia, the business highlighted an 11% increase in South Korea, linked to both local and tourist spending, but this was partly offset by a 2% decline in Japan.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">In Europe, the Middle East and Africa, the group reported a 3% drop in sales, highlighting a drag from the Iran war and weaker tourist spending.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Burberry said recent sales growth was also supported by strong demand for raincoats, jackets and scarves, with outerwear sales up by double digits.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Mr Schulman, chief executive of Burberry, said: &#8220;For the first time in three years, we saw growth across our womenswear, menswear, accessories and childrenswear divisions, anchored by the outperformance of outerwear.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;Our strategy is working.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;We are attracting a broad range of luxury customers across product categories, channels and geographies, reinforcing my confidence in the opportunities ahead.&#8221;  <\/p>\n","protected":false},"excerpt":{"rendered":"Burberry has said its turnaround strategy is working, on the back of growth in North America and China,&hellip;\n","protected":false},"author":2,"featured_media":210599,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[61334,61338,54,34,61336,61339,1737,61337,32126,61335],"class_list":["post-210598","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iran","tag-burberry","tag-burberry-forward","tag-europe","tag-iran","tag-joshua-schulman","tag-luxury-fashion-brand","tag-north-america","tag-pricing-strategy","tag-spending","tag-turnaround-strategy"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116934169241494447","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/210598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=210598"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/210598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/210599"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=210598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=210598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=210598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}