Burberry's retail rise offsets wholesale slump

01/15/2013 | Wall Street Journal, The

Burberry reported a 13% jump in retail sales in the third quarter, but wholesale revenue from sales to department stores and specialty shops dropped 5%, the company said. Burberry and other luxury brands have been tightening up on wholesale distribution in recent months, largely to prevent potentially brand-damaging discounting by their retail customers.

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