Burberry shows first signs of stabilisation as Schulman’s turnaround gains momentum

Burberry Group plc has cause for measured optimism after its interim results confirmed that a long-decline in comparable store sales has finally come to a halt. According to Robyn Duffy, senior analyst (Consumer Markets) at RSM UK, the results should bring “a sigh of relief” for the luxury brand. Flat store sales in the first half (versus a steep 20 percent drop last year) represent “clear progress,” and the second quarter delivered the company’s first positive comparable store sales growth in nearly two years.