Burberry: latest news, analysis and trading updates
Burberry
Luxury British fashion retailer Burberry, famous for its trench coats and signature beige check pattern, was founded by 21-year-old Thomas Burberry in 1856. Fast forward and Burberry is now an undisputed leader of luxury brands, embracing digital transformation and enhancements. In 2015, Burberry premiered new collections on Snapchat and disrupted the industry when it made catwalk styles available for immediate purchase through social media. It operates just 23 stores in the UK – its tech-enhanced flagship London store uses RFID tags on clothing to trigger relevant content onscreen around the store and in dressing rooms. Despite the luxury brand’s digital focus, ecommerce accounts for a small proportion of sales. Burberry is looking to drive online sales through adding its entire catalogue to Farfetch’s global platform, the launch of an Instagram shop and the creation of its B-Series social media product drops, which look to cash in on hype culture.