Christmas sales up at Burberry

<p>Burberry has reported an increase in its Christmas sales.</p>

Sales rose at luxury retailer Burberry over the Christmas period, but its stocks have fallen this morning (January 16th).

The firm announced that it delivered "double-digit comparable sales growth" in the Asia-Pacific region, which is becoming an increasingly vital part of the world for the luxury sector.

Richard Hunter, head of equities at stockbrokers Hargreaves Lansdown, stated that Burberry has "trounced expectations". He added: "This update could provide something of a springboard for Burberry."

The first Burberry Beauty Box in Covent Garden, London, was opened during the third quarter to December 31st 2013. New stores were also launched in China towards the end of the year.

Chief executive Angela Ahrendts described the 12 per cent rise in comparable sales as "in line with our expectations". Ms Ahrendts recently announced she is leaving to join Apple.

Despite the positive set of sales data for the Christmas period, the share price of Burberry is down this morning. By 08:29 GMT, stocks in the firm were down by 0.52 for the day.

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